Nabucco Pipeline Consortium Starts Tender For Pipe Delivery
April 23 2010 - 6:06AM
Dow Jones News
The consortium that plans to build the Nabucco natural gas
pipeline said Friday it has started a tender process for the
procurement of material needed to build the pipeline.
The pipeline is slated to transport gas from the Caspian region
to central Europe via Turkey and Austria.
The Nabucco Gas Pipeline International consortium said in a
written statement the tender is a "prequalification process" that
will help it indentify "the most eligible" suppliers of long-lead
items needed for pipeline construction, such as pipes, valves and
bends.
The overall value of the tender package is EUR3.5 billion, the
consortium said.
"The prequalification for long lead items is a substantial step
towards starting construction at the end of 2011", said Reinhard
Mitschek, managing director of the consortium.
The consortium comprises German utility RWE AG (RWE.XE),
Austria's OMV AG (OMV.VI) and Hungary's MOL Nyrt (MOL.BU), Turkey's
Botas, Bulgaria's Bulgarian Energy Holding and Romania's
Transgaz.
A final investment decision is expected to be made before the
end of the year and first gas will likely flow in 2014, the
consortium has said.
Company Web site: www.nabucco-pipeline.com
-By Jan Hromadko, Dow Jones Newswires; +49 69 29 725 503;
jan.hromadko@dowjones.com
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