GDF Suez (GDFZY.PK) has bought ~9% in the proposed Nabucco West gas pipeline project from...

|By:, SA News Editor

GDF Suez (GDFZY.PK) has bought ~9% in the proposed Nabucco West gas pipeline project from Austrian oil and gas company OMV. Nabucco West is one of two remaining proposed pipelines in the running to bring Caspian Sea gas supplied by the Shah Deniz consortium to Europe. The French utility also will sell its 12% holding in the Medgaz Algeria-Europe deepwater gas pipeline.