Nabucco Announces Launch of Open Session Process

Business » ENERGY | May 6, 2013, Monday // 18:16| Views: | Comments: 0
Bulgaria: Nabucco Announces Launch of Open Session Process Map of the Nabucco West gas pipeline project by Nabucco Gas Pipeline International GmbH

Nabucco Gas Pipeline International GmbH has announced the launch of the Open Season process for capacity booking in the Nabucco pipeline.

This first phase of the Open Season process offers potential shippers the possibility to register their interest in booking capacity in the pipeline and to request access to the Open Season documents, following which they can provide non-binding capacity bookings.

The Open Season documents include the details of the Open Season process, the form of gas transportation agreement and the related network code, setting out the terms and conditions proposed by the transporter for transportation services through the Nabucco pipeline.  

Reinhard Mitschek, CEO, Nabucco Gas Pipeline International GmbH, said: “As development of the Nabucco project continues, we are pleased to be able to announce the achievement of this highly significant milestone. Once constructed, the Nabucco pipeline will offer producers and shippers access to the growing markets of South Eastern and Central Europe, as well as augmenting their access to the Central European Gas Hub at Baumgarten. The Open Season process will be conducted according to the principles of open access and supply diversification”.

Frank Siebert, CFO, Nabucco Gas Pipeline International GmbH said: “The proposals laid out by the company are highly competitive, and commercially attractive. Based on ongoing discussions with producers and shippers, we have reason to be confident of a high level of interest in this phase of the Open Season process. The Open Season process will adhere to the highest standards of transparency whilst at the same time ensuring that information exchanged with potential shippers during the process is treated in confidence”.

The 1300-km pipeline Nabucco West is to carry Caspian gas from the Bulgarian-Turkish border to the Central European Gas Hub (CEGH) in Baumgarten and beyond. The project's current shareholders include the Bulgarian Energy Holding (Bulgaria), Botas (Turkey), FGSZ (Hungary), OMV (Austria), and Transgaz (Romania).

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Energy » Be a reporter: Write and send your article
Tags: Nabucco Gas Pipeline, Nabucco Gas Pipeline International GmbH, Nabucco West, azerbaijan, Shah Deniz, gas field
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria