Baku. Malahat Najafova - APA. The international consortium developing the Shah Deniz II gas field offshore Azerbaijan is expected to sign an agreement to acquire a 50% stake in the Nabucco gas pipeline project, according to Mihail Andonov, CEO of the Bulgarian Energy Holding (BEH), APA reports citing Financial.
The agreement for the inclusion of the Shah Deniz II consortium as a shareholder in Nabucco is expected to be signed on January 10 in Sofia at a meeting of the energy ministers of countries participating in the gas pipeline project. The agreement will determine which pipeline Shah Deniz II partners will use to carry Caspian gas to Europe. The Shah Deniz II partners are expected to decide between the shorter version of Nabucco, the 1300-km long Nabucco West, and the Trans-Adriatic pipeline (TAP). The deal is believed to be essential for the EU/US-backed Nabucco project because it will secure gas supplies, which will enable the Nabucco consortium to obtain loans for the construction of the pipe.
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