Nabucco to Make Binding Bid for Shah Deniz Field Soon

BUDAPEST - Nabucco Gas Pipeline International GmbH will submit its binding bid for a natural gas field in Azerbaijan, called Shah Deniz, at the end of April, the company said Friday. 

The company, which intends to transport natural gas from the Bulgarian-Turkish border to Austria via Romania and Hungary, prepared a bid at the end of March which Nabucco's shareholders will approve in the coming weeks, Reinhard Mitschek, managing director of Nabucco, said. 

The Shah Deniz consortium will decide on the winner of the tender in June this year. 

The members of the Nabucco consortium include Austria's OMV and Hungary's MOL Nyrt. German utility RWE AG recently handed over its stake to OMV. 

Copyright (c) 2012 Dow Jones & Company, Inc.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Truck Driver (Sand)
Expertise: Driller|Oil Terminal / Storage Management|Well Servicing & Testing
Location: Midland, TX
Chief Engineer
Expertise: Ships Engineer
Location: San Diego
Expertise: Ships Mate / Officer
Location: San Diego
search for more jobs

Brent Crude Oil : $50.64/BBL 0.62%
Light Crude Oil : $48.04/BBL 1.47%
Natural Gas : $3.01/MMBtu 2.58%
Updated in last 24 hours