Azerbaijani media, citing the announcement of managing Director of the Nabucco Gas Pipeline GmbH Reinhard Mitschek, reports that the cost of Nabucco West gas pipeline will be less than $7.9 billion that was projected for the original conception of the project.
“The proposed pipeline route is a shorter line with 1,315 kilometers (817 miles) and we expect it to be less than the original,” Mitschek said, adding “It would be logical to think there will be a proportional reduction.”
The project’s current shareholders are Bulgarian Energy Holding, Romanian Transgaz, Turkish Botas, Austrian OMV, German RWE and Hungary’s FGSZ, and each of them holds a 16.67-percent share.
Currently, the Shah Deniz consortium considers two options to supply gas to Europe – Trans Adriatic Pipeline (TAP) and Nabucco West. The final decision on the pipeline route will be made in 2013.
