A final decision on which pipeline will transport Caspian natural gas from the giant BP PLC (BP.LN)-led Shah Deniz offshore project to Western Europe will be based on which of the two mooted routes offers the best tariff level, BP Chief Executive Bob Dudley said Tuesday.
A final decision on which pipeline will transport Caspian natural gas
from the giant BP PLC (BP.LN)-led Shah Deniz offshore project to
Western
Europe
will be based on which of the two mooted routes offers the best tariff
level, BP Chief Executive Bob Dudley said Tuesday.
A decision on whether to back the Nabucco West pipeline concept or the rival
Trans-Adriatic Pipeline is expected to occur in the second quarter of next year
and will be based purely on which option delivers the best returns, Mr. Dudley
said. "The rationale for the decision...will be purely economic,"
said Mr. Dudley.
Nabucco West last month won the right to be paired off in a two-horse race with
TAP for the right to export gas from
Azerbaijan
's
Shah Deniz gas field to customers in
Europe
.
Nabucco is a joint venture involving
Germany
's RWE
AG (RWE.XE), Austrian oil firm OMV AG (OMV.VI) and
Hungary
's Mol
Nyrt. (MOL.BU). Other partners include Bulgargaz EAD, Transgaz SA and Boru
Hatlari ile Petrol
Tasima
AS.
TAP is planned by EGL AG, Statoil ASA (STO) and E.ON Ruhrgas AG.
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