Shah Deniz Consortium Gives Up Nabucco West
The Shah Deniz II consortium has suggested that it has chosen not to use Nabucco West for the transportation of natural gas from Azerbaijan's most promising field to Europe.
If this decision is formally confirmed and carried out, it will cast significant doubt over the protracted Nabucco project, designed to build a pipeline to transport Azeri gas to Europe.
The Shah Deniz consortium had to decide between Nabucco West and the Trans-Adriatic Pipeline (TAP).
The Nabucco project would have shipped Azeri gas from Turkey through Bulgaria, Romania, Hungary on to Austria, which has made Bulgaria a country highly committed to it.
On the other hand, TAP would transport natural gas directly westwards through Greece, Albania on to southern Italy.
The Shah Deniz consortium has informed Greek PM Antonis Samaras, as well as Nabucco shareholder OMV of its intention to choose TAP.
Shah Deniz II is operated by BP, together with Statoil, SOCAR, Total, Lukoil, NIOC and TPAO.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Bulgarian Energy Holding: BGN 50 Million Loan for Mini Maritsa Iztok
- » Bulgaria's PM Borissov Arrives in Athenes Where Will Be Signed the Contract for Gas Terminal Near Alexandroupolis
- » Half of Bulgaria's Capital Sofia Without Electricity Due to an Accident
- » General Electric Co Signed Agreement Valued at Over $1.2 Billion with the Iraqi Ministry of Electricity
- » Executive Director of the Bulgarian Energy Holding Jacklen Cohen Resigns
- » Bulgarian PM Borissov Inspected the Construction of the Interconnector with Greece