Nabucco Delays Start Date to 2013

The Nabucco pipeline consortium today project announces a revised timeline for the gas pipeline project.

Citing changes in the timing for gas supplies in the Caspian and Middle East regions, as announced by potential suppliers, construction is envisaged to commence in 2013 as to align the Nabucco timeline with gas suppliers. First gas would then start moving through the 2,000-mile pipeline by 2017.

Reinhard Mitschek, Managing Director, Nabucco Gas Pipeline International GmbH, commented: “Nabucco’s progress has been positive so far, with the progress of the Environmental & Social Impact Assessment and concrete steps for procurement and other important work-streams. The Open Season process will start as soon as there are firm indications that gas supply commitments are in place. The Final Investment Decision will be taken consequently. We now expect first gas to flow through the pipeline in 2017. The Nabucco project continues to be driven by the needs of its customers.”

Nabucco said that the negotiations with the gas suppliers being led by the shareholders and by third party gas buyers, were encouraging.

Mitschek also confirmed that the gas pipeline would be open to future links with other pipelines.

"We are open to links to other branch lines. We see Nabucco as a backbone and frontrunner. If that can deliver added value, we can take all suppliers on board."

Nabucco Not to be Scaled Down (Read HERE)