Trend: Nabucco offers Shah Deniz consortium 50-percent share in project

Nabucco West has offered the consortium of Azerbaijan Shah Deniz field development a 50- percent share in the project, CEO of Nabucco Gas Pipeline International GmbH Reinhard Mitschek told journalists in Baku on Monday.

"That has been concluded already in the mid of January in the Equity Option and Funding Agreement and the granted share to the Shah Deniz Consortium is 50 percent," Mitschek said.

He also stressed that in the end of June once Nabucco West will be selected and the four companies of the Shah Deniz consortium (SOCAR, BP, Statoil and Total) join the project, there will be one shareholder group.  MORE