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Nabucco pipeline seen operational in 2018 - report

Thu, Mar 25 2010 14:31 CET

byThe Sofia Echo staff

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Nabucco pipeline seen operational in 2018 - report

Photo: Reuters

European Union-backed gas pipeline Nabucco was likely to begin operations in 2018, European Commissioner for energy Guenther Oettinger told Sueddeutsche Zeitung in an interview published on March 25.

"I hope we will make the final decision in 2010 to build the pipeline," he said. The odds of that happening were increasing, he said.

Contacted by the newspaper, a spokesperson for German utility giant RWE said that Nabucco should be "operational in 2014," as scheduled.

RWE is one of the six companies that own equal stakes in the pipeline, along with Turkey's Botas, Bulgarian Energy Holding, Romania's Transgaz, MOL in Hungary and OMV in Austria.

The 3300km pipeline would run from eastern Turkey to eastern Austria, via Bulgaria, Romania, and Hungary, pumping about eight billion cu m annually when it starts operation and 31 billion cu m when it reaches maximum capacity.

Construction is scheduled to begin in 2011 and the pipeline would deliver the first gas in 2014. Costs are estimated at 7.9 billion euro.

The biggest concern, however, remains where the gas would come from, with no firm supply contracts secured.

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