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The BP-led Shah Deniz II consortium has not selected the Nabucco West plan to channel natural...

The BP-led Shah Deniz II consortium has not selected the Nabucco West plan to channel natural gas from the Caspian region to central Europe, according to Austrian energy producer OMV. The defeat means Trans Adriatic Pipeline wins the two-horse race for the $28B Shah Deniz II scheme to produce 16B cubic meters/year of gas, with production to start in 2018. TAP shareholders include Statoil (STO) and Axpo with 42.5% each and E.ON (EONGY.PK).
Comments (1)
  • dunnhaupt
    , contributor
    Comments (620) | Send Message
     
    Nabucco seems to be dead.
    26 Jun 2013, 08:11 AM Reply Like
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