Bloomberg: BP Says Shah Deniz to Choose Gas Pipeline to Europe in Mid-2013

BP Plc and its partners in a Caspian Sea gas field plan to make a final decision on an export route to Europe by the middle of 2013.

The BP-led group developing Shah Deniz will choose between the European Union-backed Nabucco project and the South-East Europe Pipeline, or SEEP, by the middle of this year,  Tamam Bayatli, a spokeswoman for the U.K. energy producer in the Azeri capital of Baku, said by phone today. BP proposed SEEP.

The winner will then compete with the Trans-Adriatic Pipeline, known as TAP, for rights to export Shah Deniz gas, Bayatli said. The partners aim to make the final choice before an investment decision on expanding Shah Deniz is due in mid-2013, she said.  MORE