Shippers Keen on Booking Nabucco West Capacity

Shippers Keen on Booking Nabucco West Capacity
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Παρ, 17 Μαΐου 2013 - 14:11
Shippers have shown keen interest in registration and capacity booking in the Nabucco West pipeline during the first week of the Open Season process, Nabucco Gas Pipeline International (NIC) said on Thursday.
Shippers have shown keen interest in registration and capacity booking in the Nabucco West pipeline during the first week of the Open Season process, Nabucco Gas Pipeline International (NIC) said on Thursday.

"Nabucco has received strong interest from variety of shippers, including potential shippers not part of Nabucco, the Shah Deniz consortium or its buyers," NIC said in a statement.

NIC was set up in 2004 to develop, build and operate the Nabucco pipeline. A downsized version of the project, Nabucco West, is competing with the Trans Adriatic Pipeline for access to gas from the giant Azeri Shah Deniz II field in the Caspian Sea. A final route decision is expected in June.

In the first phase of the Open Season process potential shippers can register to book capacity in the pipeline and request access to the Open Season documents, following which they can provide non-binding capacity bookings. This phase is scheduled to be completed by the end of the second quarter of 2013. After the it comes to an end shippers will be invited to submit binding bids. The start of the binding bid phase is expected in the third quarter of the year.

The partners in the Nabucco project are Bulgaria's Bulgargaz, Turkey's Botas, Romania's Transgaz, Hungary's FGSZ, a subsidiary of MOL, and Austria's OMV.

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