Nabucco engineering end date announced

The work on Nabucco's engineering is planned to be completed in the second quarter of 2012.

The Nabucco Gas Pipeline International GmbH told Trend that all the operations have been launched.

Nabucco has entered the technical detail engineering stage in May 2009.

Five local sub-contractors were determined in the five transit countries. The British Penspen is preparing a detailed technical plan to build the Nabucco pipeline.

The detailed engineering results will set the exact cost of the project. Until now, it was estimated at 7.9 billion euro. The cost is being reviewed, taking into account various factors such as increasing the pipeline’s length, as well as commodity price dynamics.

Nabucco envisages gas supplies from the Caspian region and the Middle East to the EU countries. Participants of the project are Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE companies. Each of participants has equal share to the amount of 16.67 percent.

The project’s construction is planned to start in 2013. The pipeline’s maximum capacity will hit 31 billion cubic meters per year.


/Trend/