Nabucco Gas Pipeline International Gmbh (NIC), SOCAR, BP, Statoil and Total will sign a deal on financing development the Nabucco West Pipeline for gas transportation to Europe. An agreement to sign the document has been reached in Sophia today.
Potential investors may get a chance to own 50% of shares in the project if Nabucco West becomes the final choice of route for the pipeline.
The consortium developing Shah Deniz and Nabucco shareholders have reached a deal on cooperation. All three deals will be signed in Vienna.
Nabucco West will be a 1300-km pipeline running from the Turkish-Bulgarian border to Baumgarten (Austria). 412km will run through Bulgaria, 469km through Romania, 384km through Hungary, 47km through Austria. It will be filled with Shah Deniz gas.
OMV (Austria), FGSZ (Hungary), Bulgargaz (Bulgaria), Transgaz (Romania), Botas (Turkey) and RWE (Germany) are shareholders in the project. A final decision will be made in 2013.
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