BP Estimates of Nabucco Costs a "Guess"

An assessment by BP that commodity prices are pushing the cost of the Nabucco natural gas pipeline higher is only a guess, the consortium declared

The Nabucco consortium managing the pipeline from Vienna estimates the 2,000-mile pipeline will cost around $10.7 billion to build. The Guardian newspaper in London, however, said it discovered that estimates from British energy company BP put the bill at around $19 billion. (Read More HERE)

A Nabucco spokesman told United Press International that its cost estimates were based on its own feasibility studies.

"These BP figures are pure speculations," said Christian Dolezal. "We are currently evaluating the costs and after we have all necessary results of the detailed engineering we are going public."

Source: UPI