Nabucco Gas Pipeline International GmbH will submit its binding bid for a natural gas field in Azerbaijan, called Shah Deniz, at the end of April, the company said Friday.
Nabucco Gas Pipeline International GmbH will submit its binding bid for
a natural gas field in
Azerbaijan
,
called Shah Deniz, at the end of April, the company said Friday.
The company, which intends to transport natural gas from the Bulgarian-Turkish
border to Austria via Romania and Hungary, prepared a bid at the end of March
which Nabucco's shareholders will approve in the coming weeks, Reinhard
Mitschek, managing director of Nabucco, said.
The Shah Deniz consortium will decide on the winner of the tender in June this
year.
The members of the Nabucco consortium include
Austria
's OMV
AG (OMV.VI) and
Hungary
's MOL
Nyrt (MOL.BU). German utility RWE AG (RWE.XE) recently handed over its stake to
OMV.
The Nabucco consortium is competing against the Trans-Adriatic pipeline project
for the gas.
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