Austrian crude oil and natural gas producer OMV AG (OMV.VI) said Wednesday
its gas pipeline project Nabucco West has lost the tender process to channel
natural gas from the Caspian region to central Europe.
In a written statement, OMV said that the BP PLC-led (BP) gas field consortium
Shah Deniz 2 has informed the company about the decision not to pick Nabucco
West as the pipeline that will transport its gas.
OMV didn't say which pipeline has been chosen instead, but the only competing
bid was made by the Trans-Adriatic-Pipeline, known as TAP.
"The decision does not influence OMV's strategy of growing upstream and
integrated gas," the company said.
"OMV intends to play a role in further securing and diversifying the gas
supply to Europe and will assess alternatives to complement the existing supply
routes," the company added.