OMV AG (OMV.VI) Friday shrugged off concerns over the financing of the Nabucco gas pipeline despite the global credit crunch.
"It's a good time... A very interesting time for financing people," said Werner Auli, head of oil and gas at the Austrian company.
He said that in particular the lower price of steel made the investment more attractive for potential lenders.
He said the pipeline's shareholders are speaking to Export Credit Agencies and commercial banks to finance the project.
Nabucco gas is to channel gas from the Caspian Sea region to Europe around Russia.
OMV is one of six consortium partners that are planning to build the EUR7.9 billion and 3,300 kilometer-long pipeline, which is planned to bring 30 billion cubic meters of natural gas a year to Europe.