Nabucco pipeline shareholders have agreed on two feeder line sources

Newsroom 23/08/2010 | 12:36

The Nabucco pipeline project shareholders have recently agreed in Ankara on a modification of the feeder line concept.

There will be a feeder line to the Turkish-Georgian and to the Turkish-Iraqi border, which will receive gas from Azerbaijan, Turkmenistan and Iraq.

For the two feeder lines the respective engineering works were ordered, but due to the current political situation, Nabucco Gas Pipeline International announced that is not planning a third one to the Turkish-Iranian border so far. According to the project company information, the investment for the pipeline is EUR 7.9 billion.

Nabucco is the new gas bridge from Asia to Europe. The Nabucco shareholders are: Bulgarian Energy Holding (Bulgaria), Botas (Turkey), MOL (Hungary), OMV (Austria), RWE (Germany) and Transgaz (Romania). Each shareholder holds an equal share of 16.67 percent of the project company.