Shah Deniz Pipeline Decision To Come Middle 2013

Shah Deniz Pipeline Decision To Come Middle 2013
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Τετ, 22 Φεβρουαρίου 2012 - 16:00
A decision concerning which pipeline will receive gas from the Shah Deniz field will be made by the middle of 2013, Austrian oil and gas company OMV AG's Chief Executive Office Gerhard Roiss said Wednesday. "The consortium (developing the field) has told us that they will definitely decide by middle of 2013," said Roiss. Previously, a decision had been expected in 2012
A decision concerning which pipeline will receive gas from the Shah Deniz field will be made by the middle of 2013, Austrian oil and gas company OMV AG's Chief Executive Office Gerhard Roiss said Wednesday.

"The consortium (developing the field) has told us that they will definitely decide by middle of 2013," said Roiss. Previously, a decision had been expected in 2012.

OMV is part of a consortium behind Nabucco, one of the proposed pipelines that would bring gas from the Caspian Sea region to Europe.

Roiss confirmed that Nabucco is still being considered as one of the pipelines. He said that he remained open to other solutions as long as gas would be delivered to Europe via the gas hub in Baumgarten, Austria.

OMV also announced Wednesday that it and partner, ExxonMobil Exploration and Production Romania Ltd., an affiliate of Exxon Mobil Corp. (XOM), had made a major gas discovery in the Black Sea.

Later in a telephone conference call with journalists, Roiss said, "a discovery of this size needs an international pipeline such as Nabucco," and added that the discovery might affect Nabucco's future.

A spokesman for Nabucco said Wednesday that Nabucco could also consider piping gas from Northern Iraq to Europe.


Shah Deniz, the consortium developing the natural-gas field offshore Azerbaijan, has eliminated the Interconnector Turkey-Greece-Italy proposal from the pipeline options to carry gas to Europe, energy giant BP PLC, which has a key role in Shah Deniz, said Monday.

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