Nabucco West expects to finalize shareholder agreement with Shah Deniz consortium in April
Azerbaijan, Baku, April 8 / Trend, E. Mehdiyev, A. Badalova /
Nabucco West expects to finalize the Shareholder Agreement with the parnters on Azerbaijani Shah Deniz field development in April, CEO of Nabucco Gas Pipeline International GmbH, Reinhard Mitschek told journalists in Baku on Monday.
"Our shareholders negotiate a Shareholder Agreement with the Shah Deniz consortium, and I am confident that this will be finalized in April," Mitschek said.
In late March, Nabucco Gas Pipeline International GmbH submitted a Pipeline Decision Support Package to the Shah Deniz Consortium, which contains all of the important elements requested by the producers to establish a commercial value chain for Azerbaijani gas.
The transportation offers include substantial information about the technical, regulatory, financial and other aspects of the Nabucco West.
"I am confident that this Pipeline Decision Support Package will once again underline the unique position of Nabucco West and the competitive offer package we have provided to the consortium," Mitschek said.
According to Mitschek, Nabucco Gas Pipeline International is currently working on further steps of the Decision Support Package, gas transportation agreement and several other issues.
Nabucco West is a short-cut version of Nabucco project, which envisages construction of the pipeline from the Turkish-Bulgarian border to Austria. Gas to be produced within the second phase of Azerbaijani Shah Deniz gas condensate field development is considered as the main source for the project.
The project's current shareholders are Bulgarian Energy Holding, Romanian Transgaz, Turkish Botas, Austrian OMV, German RWE and Hungary's FGSZ.
The final decision on the pipeline route to transport Azerbaijani gas to Europe will be made in June 2013.