Bank Of Baku

Nabucco gas pipeline price rises to EUR 12-15 billion

Nabucco gas pipeline price rises to EUR 12-15 billion
# 05 May 2011 13:33 (UTC +04:00)
According to sources familiar with the issue some of the participants in the project do not agree with the new price and think a new assessment should be made. In this way the final investment decision could be delayed by 2012, having in mind the disagreements in the assessment of the price and the problems with seeking supply sources.

Nabucco project has been designed to transport natural gas from the Caspian region into the European countries, bypassing Russia via Azerbaijan, Georgia, Turkey, Bulgaria, Hungary, Romania and Austria.
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THE OPERATION IS BEING PERFORMED