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Article: How Iranian gas may get to Europe.
- Article from:
- World Gas Intelligence
- Article date:
- October 6, 2004
CopyrightCOPYRIGHT 2004 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Nabucco project that alms to transport over 25 billion cubic meters per year (2.4 billion cubic feet per day) of Iranian and Caspian gas to Europe starting in 2009 will initially be developed using existing infrastructure, particularly in Turkey, Otto Musilek, the managing director of natural gas operations at Austria's OMV tells WGI.
The venture was launched this March as Nabucco Co. Pipeline Study (NCPS) by five central and southeast European gas transmission operators: OMV, Hungary's Mol, Turkey's Botas, Romania's Transgas and Bulgada's Buigargaz. In August, ABN Amro was named financial adviser.
Iran swung behind the Nabucco initiative in ...