Tuesday, September 30, 2014

Drew EGC Report

UPI: Nabucco group expecting key decisions

A decision to link the broader Nabucco natural gas pipeline to a Turkish counterpart is expected by next year, a managing director said from Ankara.

Reinhard Mitschek, managing director of Nabucco Gas Pipeline International, said from Turkey his company expects to make a decision on linking up to the Trans-Anatolia Pipeline by 2013.

"The point of no return is a final investment decision … that will most likely be next year," Mitschek told Bloomberg News. "That is something we're working on in a very concentrated and focused form within the Nabucco group, with Shah Deniz partners and others."  MORE

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