Bloomberg: RWE Says Azeri-Turkish Pipeline May Alter Nabucco Planning

RWE AG said Azeri plans to build a 7 billion-euro ($9 billion) pipeline across Turkey bringing Caspian gas to Europe may require additional guarantees for the Nabucco project that is a candidate to ship the fuel further westward.

While a plan by the State Oil Co. of Azerbaijan to build the Trans-Anatolia pipeline would shorten Nabucco, lowering its investment costs, it raises questions about access and financing, said Stefan Judisch, the head of RWE’s supply and trading unit, in an interview. RWE, Germany’s second-largest utility, is a shareholder in Nabucco Gas Pipeline International GmbH that is led by OMV AG.  MORE