Nabucco Committee reaffirms commitment to building pipeline
Permanent members of the Nabucco Committee reaffirmed their commitment to bringing gas from the Caspian Sea region to Europe through the planned Nabucco pipeline in a political declaration signed at a meeting in Budapest on Friday, the National Development Ministry said. Representatives of the signers of the inter-government contract on the Nabucco pipeline – Hungary, Bulgaria, Romania, Turkey and Austria – participated at the meeting.
Representatives of the United States, the European Commission and the Nabucco International Consortium, which includes Hungarian oil and gas company MOL, were present as observers.
The Shah Deniz II consortium will select the winning bid at a tender for the delivery of the initially available 10 billion cubic meters of Azeri gas in June, Pal Kovacs, development ministry state secretary in charge of energy affairs said.
Nabucco submitted its bid to Shah Deniz at the end of March, and will make a binding bid by the end of April, Reinhard Mitschek, managing director of the Nabucco Gas Pipeline International GmbH (NIC)told journalists after Friday's meeting.
TAP (Trans-Adriatic) gas pipeline is also competing for the project, Kovacs said. The Nabucco West pipeline project is to bring gas from Central Asia to Europe, reducing the region's energy dependence on Russia.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.