Bloomberg: BP-Led Group Starts Weighing Nabucco, TAP Plans for EU Gas Link

A BP Plc-led group developing Azerbaijan’s biggest natural gas project is starting its final evaluation of two pipeline proposals vying for the right to export the fuel to Europe from the Caspian Sea.

The group will choose between the OMV AG-led Nabucco West link and the Trans-Adriatic Pipeline, or TAP, developed by Statoil ASA (STL), EON Ruhrgas and EGL AG, by the end of June, the BP office in Baku, the Azeri capital, said today by e-mail.

The transportation proposals are expected to become legally binding by end of April, the U.K. oil and gas producer said. They include “substantial” information about the technical, regulatory, and financial aspects of the Nabucco West and TAP projects, according to the statement.  MORE