Nabucco project’s cost to be calculated after Shah Deniz Consortium’s decision

The cost of the Nabucco gas pipeline project will be set in 2012 after a decision on the preferred transportation route by the consortium of Azerbaijan's Shah Deniz has been filed, Trend cites the Head of Gas & Power in Austria's OMV, Werner Auli, as saying on Wednesday.

"As soon as the decision is made on gas supplies, the final cost of the Nabucco project can be calculated," Auli said.

OMV is one of the shareholders in the Nabucco project, which is designed to transport gas from the Caspian region and the Middle East to European countries. The project's other partners are Hungary's MOL, Bulgaria's Bulgargaz, Romania's Transgaz, Turkey's Botas and Germany's RWE.

Gas which will be produced during the second stage of the Shah Deniz field development is considered as the main source for the Nabucco project.