A BP PLC (BP) led consortium working on Azerbaijan's Shah Deniz natural gas field said Tuesday it will evaluate a new proposal by the U.K. oil major to feed Europe with Caspian natural gas through an alternative pipeline project.
A BP PLC (BP) led consortium working on
Azerbaijan
's
Shah Deniz natural gas field said Tuesday it will evaluate a new proposal by
the
U.K.
oil
major 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 BP spokesperson 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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