Nabucco Pipeline

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Summary Information

  • Source: Iran / Georgia / Iraq
  • Destination: Austria
  • Ownership: Nabucco
    • The Nabucco shareholders are: OMV (Austria), MOL (Hungary), Transgaz (Romania), Bulgarian Energy Holding (Bulgaria), Botas (Turkey) and RWE (Germany). Each shareholder holds an equal share of 16.67% of Nabucco Gas Pipeline International GmbH.
  • Website: http://www.nabucco-pipeline.com/
  • Length: 3,300 kilometres ( miles)
  • Capacity: 31 bcm/year
  • Status: Planned

Details

  • The Nabucco project represents a new gas pipeline connecting the Caspian region, Middle East and Egypt via Turkey, Bulgaria, Romania, Hungary with Austria and further on with the Central and Western European gas markets
  • The pipeline length is approximately 3,300 km, starting at the Georgian/Turkish and/or Iranian/Turkish border respectively, leading to Baumgarten in Austria. In this respect it has to be taken into account that a reasonable amount of the gas volumes, reaching Baumgarten, have to be further transported through Austria to the Central and Western European Countries.
  • According to market studies the pipeline has been designed to transport a maximum amount of 31 bcm/y.
  • Estimated investment costs including financing costs for a complete new pipeline system amount to approximately 7.9 billion Euro.

History

  • 2002 - A co-operation agreement signed for the project
  • 2004 - Establishment of Nabucco Gas Pipeline International GmbH
  • 2011 - Nabucco Gas Pipeline International submits transportation proposal to Shah Deniz II consortium

Links

  1. Joint feasibility study for gas pipeline from Turkey to Austria via Bulgaria, Romania and Hungary
  2. Nabucco Gas Pipeline International submits transportation proposal to Shah Deniz II consortium
  3. Nabucco shareholders, potential investors, Shah Deniz consortium sign Joint Declaration

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