RWE is at an advantage for becoming sixth Nabucco partner


While the partnership of German company RWE in the Nabucco Pipeline Project, which transports Caspian and Middle East natural gas to Europe is expected to be finalized by next month, the project’s seventh partner will also be evaluated.

“We have made significant progress with respect to the selection of the sixth partner for the Nabucco project. Yet, there are certain points that need to be clarified and enlightened regarding the issue. We demand assurance for certain aspects. The process will soon be finalized when our assurances are met,” said a senior Energy Ministry official while answering Reuters questions.

RWE is more advantageous compared to Gaz de France (GDF) in terms of becoming a partner in the Nabucco project,” said the official. He stated the inadequacy of membership in the administrative board of Botaş and underlined the necessity of appointment of one member to be able to reach a decision concerning the issue. He emphasized that the administrative board could not meet for three months and therefore some crucial decisions such as the partnership for the Nabucco project could not be taken.

“After the appointment of the member in the administrative board, the process on the part of Botaş will soon be finalized,” he said. He expressed that the status of the GDF, which initiated partnership negotiations earlier than RWE and which is eager to be part of the project, has not changed for Turkey. “The inclusion of the seventh partner for the project depends on the conditions. The negotiations for the seventh partner could be carried out after the sixth partner is finalized. We do not have a hard line position which prevents the inclusion of the seventh partner for the project,” he said. (


Nagy: More Involvement in Insurance Market Banking

Nagy: More Involvement in Insurance Market

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.