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Nabucco to submit binding bid for Shah Deniz gas

18 April 2013 09:55 (UTC+04:00)
Nabucco to submit binding bid for Shah Deniz gas

Nabucco Gas Pipeline International will submit its binding bid for gas from the second stage of Azerbaijani Shah Deniz field development in late April.

Managing Director of Nabucco Gas Pipeline International GmbH Reinhard Mitschek said that the company prepared a bid in late March and Nabucco's shareholders will approve it in the coming weeks.

Earlier, Nabucco Gas Pipeline International GmbH submitted a Pipeline Decision Support Package to the Shah Deniz Consortium, which contains all of the important elements requested by the producers to establish a commercial value chain for Azerbaijani gas.

Currently, the consortium developing Azerbaijan's giant Shah Deniz field in the Caspian Sea is considering both TAP and Nabucco West as options for its gas transportation to Europe. The final decision on the pipeline route will be made in June 2013.

Nabucco West is a short-cut version of the Nabucco project, which envisages construction of a pipeline from the Turkish-Bulgarian border to Austria. Gas to be produced within the second phase of Shah Deniz gas condensate field development is considered as the main source for the project.

The TAP project is designed to transport gas from the resource-rich Caspian region via Greece and Albania and across the Adriatic Sea to southern Italy and further into western Europe. TAP's initial pipeline capacity will be 10 billion cubic meters per year, but it is easily expandable to 20 billion cubic meters.

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