Azerbaijan's state energy company Socar said Tuesday it will evaluate a new proposal by BP PLC (BP) to feed Europe with Caspian natural gas through an alternative pipeline project.
Azerbaijan
's
state energy company Socar said Tuesday it will evaluate a new proposal by BP
PLC (BP) to feed
Europe
with Caspian natural gas
through an alternative pipeline project.
"While this option is not advanced yet it could be seen as a possible
export solution," a Socar spokesman told Dow Jones Newswires. "A
fourth potential export option will be evaluated."
A project proposed by BP on Tuesday--called South East Europe Pipeline--would
link a major
Azerbaijan
gas
field to a gas hub in
Austria
,
running from western
Turkey
across
Bulgaria
and
Romania
to
Hungary
's
border, a similar route to that of the EU-backed Nabucco pipeline.
BP operates
Azerbaijan
's
main natural gas field, Shah Deniz.
News of the BP proposal comes just ahead of an Oct. 1 deadline for three
competing pipeline projects, including Nabucco, to present a detailed
transportation offer to the Shah Deniz consortium. The consortium is expected
to make a final decision by the end of the year.
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