Nabucco Consortium to have another meeting next week with representatives of TANAP

Nabucco Consortium will have another meeting with representatives of TANAP (Trans Anatolian Gas Pipeline) next week to analyze the technical aspects of Turkish-Bulgarian border transit, Chief executive of Nabucco Gas Pipeline International Gmb, Reinhard Mitschek, announced on Tuesday, in a press conference.

'In March we signed a Memorandum of Understanding with TANAP. We are negotiating the technical elements referring to the Turkish - Bulgarian border. Nabucco conducted an engineering study for the Turkish section. We presented the data to TANAP. The next meeting will take place in May and I hope to put in place all the technical details', Reinhard Mitschek said.

The official added that Nabucco project is all the more so attractive to Azerbaijan as the pipeline transits states where liquefied gas cannot be supplied. 'Nabucco West crosses countries where liquefied natural gas cannot be delivered, unlike Italy. This makes the route all the more so advantageous for Azerbaijan as it crosses the countries where the liquefied gas cannot be supplied ', Reinhard Mitschek noted.

Nabucco pipeline will make the connection with the Trans Anatolian Pipeline (TANAP) at the Turkey-Bulgaria border, with transit via Bulgaria, Romania and Hungary, to the Central European Redistribution Terminal (HUB) in Baumbarten, Austria. Via Baumgarten, the gas supplied by Nabucco pipeline can be delivered to more than 500 million customers in Europe.

The Executive Director of Nabucco Gas Pipeline International Gmb added that, in Romania, the environmental impact assessment on the pipeline operation was completed. 'In Romania, the environmental impact assessment was completed. We had 24 meetings in five counties, we made available to interested parties documentation and reaction was positive and constructive', Reinhard Mitschek also said.

The Nabucco representative stressed that, so far, the cost of the required design and development of Nabucco project amounted to less than 5 percent of the total investment. 'Usually, costs are at the level of 10-15 percent of the total cost of the investment', he mentioned.

The Nabucco project aims at accessing natural gas from the Shah Deniz Stage 2 operation and its transport to the European market. Romania actively participates in this project via SNTGN Transgaz, as well as at Government level, through the Inter-governmental Agreement on the Nabucco project development of July 13, 2009 and the Project Support Agreement, signed on June 8, 2011.

The Nabucco project was selected as the main transport route for natural gas in the region of Central and Southeastern Europe. The Cooperation Agreement between Nabucco International Company and Shah Deniz Consortium was concluded in the aim to implement without delay the two projects. Nabucco Co. submitted the formal offer for resources from the Shah Deniz Stage 2 operation. Shah Deniz Consortium's final decision is expected in June 2013.

Nabucco's Reinhard Mitschek confident decisions to follow will favor this gas shipping project

The Steering Committee of the Nabucco Gas Pipeline Company expresses confidence the Shah Deniz Consortium will decide to supply Azeri gas to this pipeline, Nabucco Gas Pipeline International Gmb CEO Reinhard Mitschek declared at the meeting of the Nabucco Committee in Bucharest.

Mitschek said he is confident that the decisions to follow will be made in favor of Nabucco and that the project will be further developed. We achieved our targets in recent months, Mitschek said. Chairman of the Nabucco Steering Committee Hans-Peter Floren also expressed his confidence in a positive decision by the Shah Deniz Consortium. With EU support, Nabucco will be carried out, provided that Shah Deniz Consortium makes the correct decision, Hans-Peter Floren said.

The meeting of the Nabucco Committee, a coordinating structure of the states and companies involved in developing the gas pipeline seeking to implement this important regional energy project takes place in Bucharest on Tuesday.

The meeting organized by the Ministry of Foreign Affairs, the Energy Department and Gas Transmission Company Transgaz is intended to mark the progress made in developing the Nabucco project and to reconfirm the political support the project benefits from the partner states, at a crucial phase in booking gas shipment capacity from the Shah Deniz field.

The event was attended by Prime Minister Victor Ponta, Nabucco Gas Pipeline International Gmb CEO Reinhard Mitschek, Nabucco Steering Committee chairman Hans-Peter Floren. Also attending the meeting are senior officials in Romania, Austria, Hungary, Bulgaria and Turkey, representatives of the Nabucco shareholding companies and international financial institutions. Minister-delegate for Energy Constantin Nita will hold a press conference alongside Nabucco Gas Pipeline International officials to brief the public on the latest developments.

The Nabucco project is aimed at enabling access to natural gas in the second development phase of the Shah Deniz deposit and shipping it to the European market. Romania is actively participating in the implementation of the project through National Gas Transmission Company Transgaz SA, as well as on a governmental level, by the signing of the Intergovernmental Agreement on the Nabucco Project Development on July 13, 2009 and of the Project Support Agreement on June 8, 2011.

The Nabucco pipeline is the shortest route to access the markets of South Eastern Europe. The Nabucco Company has officially submitted its offer for the gas resources in the Shah Deniz deposit's second development stage. The Shah Deniz Consortium, which operates Azerbaijan's largest offshore gas field, was to conduct the final evaluation of the transportation options received and make an informed decision on the preferred export route to Europe. The final decision on the European pipeline is expected to be made by end of June 2013.

Nabucco Committee: Romania is a key partner in development of this gas pipeline project

Nabucco Management Committee considers that Romania is a key partner in the project development of the gas pipeline set to ensure energy independence of the region, said on Tuesday President of Nabucco Board of Directors, Hans-Peter Floren, at the meeting of the Nabucco Committee in Bucharest.

'We thank the Romanian authorities for support in respects of the development of Nabucco project. Romania is a key partner in developing this project. We convey our appreciations to Prime Minister Victor Ponta, for his personal involvement in the projects set to ensure energy independence of the region. We also address our thanks to President Traian Basescu and to the Minister for Foreign Affairs for their support to this project in recent years. And we thank all shareholders who support the development of this project. It became clear during the recent meetings that only our joint efforts will lead to concrete results', Hans-Peter Floren emphasized.

The Nabucco Steering Committee expressed, at the same time, its trust in a decision of the Shah Deniz Consortium, for Azerbaijani gas supplies to the Nabucco pipeline.

'I am confident that the following decisions will be made in favor of Nabucco and that we can further develop this project. We have hit our targets in the recent months', noted the Executive Director of Nabucco Gas Pipeline International Gmb, Reinhard Mitschek.

The investment decision for development of Nabucco project will be taken in 2013 and the pipeline construction is to start in 2015, according to Nabucco Consortium officials.

The Nabucco project aims at accessing natural gas from Shah Deniz Stage 2 operation and its transport to the European market. Romania actively participates in this project implementation, via SNTGN Transgaz , as well as at the governmental level, through the signature of the Inter-governmental Agreement on Nabucco project development on July 13, 2009 and, respectively, of a Project Support Agreement, signed on June 8, 2011.

The Nabucco project was selected as the main transport route for natural gas to the region of Central and Southeastern Europe. The Cooperation Agreement between Nabucco International Company and Shah Deniz Consortium was concluded in the aim to implement without delay the two projects. Nabucco Co. submitted the formal offer for resources from Shah Deniz Stage 2 operation. Shah Deniz Consortium's final decision is expected in June 2013.

After the meeting in Kayseri, Turkey, in 2011, when Nabucco Committee was set up, in line with Nabucco Inter-governmental Agreement, the committee met in Vienna, in 2012, as well as in Sofia and in Budapest, in 2013.

Decision on Nabucco investment due in 2013, construction might start in 2015

The decision on the investment in the development of the Nabucco gas pipeline project will be taken this year and the construction of the pipeline will effectively start in 2015, Nabucco Gas Pipeline International Gmb CEO Reinhard Mitschek told the Nabucco Committee meeting in Bucharest this Tuesday.

The necessary steps to continue the project have been taken and the investment decision will be made this year, so that the construction of the pipeline effectively starts in 2015, said Mitschek.

The meeting of the Nabucco Committee, a coordinating structure of the states and companies involved in developing the gas pipeline seeking to implement this important regional energy project takes place in Bucharest on Tuesday.

The meeting is intended to mark the progress made in developing the Nabucco project and to reconfirm the political support the project benefits from the partner states, at a crucial phase in booking gas shipment capacity from the Shah Deniz field.

The Nabucco project is aimed at enabling access to natural gas in the second exploitation phase of the Shah Deniz deposit and shipping it to the European market. Romania is actively participating in the implementation of the project through National Gas Transmission Company Transgaz SA, as well as on a governmental level by the signing of the Intergovernmental Agreement on the Nabucco Project Development in July 2009 and of the Project Support Agreement in June 2011.

The Nabucco pipeline is the shortest route to access the markets of South Eastern Europe. The Nabucco pipeline offers a scalable concept and enables access to considerable storage capacity along the route. Environmental permits have already been obtained in Hungary, and are pending final approval in Romania and Bulgaria, shows a Nabucco release. The Nabucco Company has officially submitted the bid for the gas resources in the second exploitation phase of the Shah Deniz deposit. The final decision of the consortium developing the gas field in Azerbaijan on wether to pick the EU's flagship Nabucco pipeline as its preferred transport route to Europe is expected in June 2013.

Developed by Codecraftsman