Displaying 1 - 10 of 194 articles
The Nabucco pipline project today submitted a revised proposal to the Shah Deniz II Consortium for the construction of the “Nabucco West” pipeline. The modified concept of the original "base case" for the Nabucco project, foresees the construction of a 1,300 km pipeline running from the...
Turkish state-run Botas has said that it supports the Nabucco pipeline, despite the project being rocked by doubts in recent weeks. Speaking to Bloomberg via email today, director of strategy and business development for Botas Levent Ozgul said his company fully backed the Nabucco project.
MOL is said to be considering joining the South East Europe Pipeline (SEEP), following the company's previous announcement that it may exit the Nabucco pipeline project. Reported by Hungarian newspaper Nepszabadsag today, Toby Odone, spokesman for BP said that the company, in conjunction with its...
CEO of OMV, Gerhard Roiss has said that MOL remains an important contributor to the Nabucco pipeline project, despite MOL's statement last month that it was prepared to sell its shares in the consortium. In an interview with Austrian newspaper Wirtschaftsblatt, which was published today, Mr. Roiss...
RWE has confirmed that it still supports the Nabucco pipeline project, despite remaining cautious on the requirements for that support. Speaking in an interview with New Europe, spokeswoman Sabine Jeschke said that RWE was not considering withdrawing from the project and continued to give it its...
The Nabucco consortium may be falling apart after MOL Group, one of its key members, fell out of love with the pipeline project. But the current discussion about Nabucco’s future masks a more important reality: the supply and demand landscape changed so much during the past 10 years that megaprojects...
The analysis of energy policy goes to the heart of a countries political and economic system. The statement by Hungarian Prime Minister, Viktor Orban that MOL, the Hungarian Nabucco gas pipeline partner, was pulling out, can only be seen as a politicization of Nabucco and MOL decision making.
One of the six shareholders in the Nabucco pipeline, Hungary's MOL, has confirmed that is not willing to continue financing the Nabucco pipeline and may sell its stake if necessary. Speaking at its annual shareholder meeting today, Chairman of MOL Zsolt Hernadi backed up an assertion made by Hungarian...
In a surprise late-game announcement, Hungary has apparently switched its support from Nabucco to Gazprom’s rival South Stream pipeline, leaving the once-mighty pipeline consortium looking weaker than ever. If, as rumoured, Hungary’s MOL is pulling out of the project, it may – as analysts...
Hungary’s MOL has yet to approve the 2012 budget of the Nabucco International Company (NIC) and also confirmed that concerns still exist and there hasn’t been any satisfactory solution from NIC thus far. "Both the financing background and the gas source are uncertain" said MOL in an emailed...