Nabucco Pipeline Project not Chosen to Transport Natural Gas from Aserbaijan to Europe

The Nabucco-West gas pipeline project was not selected by the consortium operating the gas field, the Nabucco shareholder Austrian OMV announced. Nabucco-West was one of the two options to transport natural gas from the Shah Deniz gas field located 70 kilometres off the coast of Aserbaijan in the Caspian Sea to Europe.

Instead the gas from Aserbaijan will most likely be transported via the competing Trans-Adriatic Pipeline (TAP), which shall link pipelines running from Aserbaijan to Turkey with Greece and Albania and via the Adriatic Sea with Italy, the newspaper Frankfurter Allgemeine Zeitung said. It is a much shorter route than the Nabucco route that planned to connect the pipelines from Aserbaijan to Turkey, with Austria via Bulgaria, Roumania and Hungary.

Shah Deniz is structured as an unincorporated Joint Venture (JV) partnership. BP is the operator of the Shah Deniz JV. The partners of the JV include Statoil, SOCAR, LUKOIL, TOTAL, NICO, TPAO and BP.

The Nabucco and the TAP pipeline projects were intended to diversify the natural gas suppliers and delivery routes for Europe, thereby reducing European dependence on Russian gas.

Source: Frankfurter Allgemeine Zeitung; OMV

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