Nabucco Pipeline
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Summary Information
- Source: Iran / Georgia / Iraq
- Destination: Austria
- Ownership: Nabucco
- The Nabucco shareholders are: OMV (Austria), MOL (Hungary), Transgaz (Romania), Bulgarian Energy Holding (Bulgaria), Botas (Turkey) and RWE (Germany). Each shareholder holds an equal share of 16.67% of Nabucco Gas Pipeline International GmbH.
- Website: http://www.nabucco-pipeline.com/
- Length: 3,300 kilometres ( miles)
- Capacity: 31 bcm/year
- Status: Planned
+++ Details
- The Nabucco project represents a new gas pipeline connecting the Caspian region, Middle East and Egypt via Turkey, Bulgaria, Romania, Hungary with Austria and further on with the Central and Western European gas markets
- The pipeline length is approximately 3,300 km, starting at the Georgian/Turkish and/or Iranian/Turkish border respectively, leading to Baumgarten in Austria. In this respect it has to be taken into account that a reasonable amount of the gas volumes, reaching Baumgarten, have to be further transported through Austria to the Central and Western European Countries.
- According to market studies the pipeline has been designed to transport a maximum amount of 31 bcm/y.
- Estimated investment costs including financing costs for a complete new pipeline system amount to approximately 7.9 billion Euro.
+++ History
- 2002 - A co-operation agreement signed for the project
- 2004 - Establishment of Nabucco Gas Pipeline International GmbH
- 2011 - Nabucco Gas Pipeline International submits transportation proposal to Shah Deniz II consortium
+++ Links
