Nabucco lays its project to carry Shah Deniz gas
The NABUCCO consortium announced on March 29 that the company had submitted a package to the Shah Deniz II Consortium that contains all of the important elements requested by the producers to establish a commercial value chain for Azeri Gas.
“We are pleased to offer the Shah Deniz II consortium the most competitive package to facilitate their final route decision,” said NABUCCO CEO Reinhard Mitschek. “We look forward to continued cooperation with the producers in the coming months. We are confident that NABUCCO offers a win-win situation for shippers and producers.”
Nabucco is competing with the Trans-Adriatic pipeline (TAP) to carry natural gas from Azerbaijan’s Shah Deniz II gas field to half a billion potential consumers in Europe, reducing Europe’s dependence on Russian gas.
TANAP will bring the gas from Azerbaijan to the European edge of Turkey, to connect with either Nabucco or TAP.
The operators of the Shah Deniz field - BP, Statoil , Azeri state energy firm SOCAR, Total and others - have an equity option on both rival projects. They have said they will choose one by June.