The Austrian company OMV, the Nabukko project's operator, is waiting for the final investment decision to be reached this year or at the beginning of 2011, reports Trend, citing the Energy Intelligence Group. The 'open season' process is scheduled for the fourth quarter of 2010, for the pipeline's capacity to be offered for sale. The shareholders will receive up to 15 billion cubic meters of gas a year, the other 50% will be offered to a third party. The OMV company plans to start building the pipeline at the end of 2010. The first supplies are expected in 2014.
Final decision on Nabukko will be reached by the beginning of 2011
The Austrian company OMV, the Nabukko project's operator, is waiting for the final investment decision to be reached this year or at the beginning of 2011, reports Trend, citing the Energy Intelligence Group. The 'open season' process is scheduled for the fourth quarter of 2010, for the pipeline's capacity to be offered for sale. The shareholders will receive up to 15 billion cubic meters of gas a year, the other 50% will be offered to a third party. The OMV company plans to start building the pipeline at the end of 2010. The first supplies are expected in 2014.
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