(The following press release from Nabucco Pipeline was received by e-mail.
It was not confirmed by the sender.)
JOINT DECLARATION OF NABUCCO SHAREHOLDERS, NIC,POTENTIAL INVESTORS AND SHAH
DENIZ CONSORTIUM DATED 10 JANUARY 2013
Nabucco Gas Pipeline International Gmbh ("NIC"), the shareholders in NIC ("OMV,
BOTAS, BEH, Transgaz, RWE, FGSZ, hereinafter Nabucco Shareholders") and
Potential Investors (SOCAR, BP, Statoil and Total) have reached agreement in
Joint funding of the development costs of the Nabucco West up to the pipeline
selection decision for Shah Deniz' European export route; and
The granting to Potential Investors of equity options of 50% to participate as
shareholders in NIC following a positive pipeline selection decision by the
Shah Deniz Consortium in favour of Nabucco West.
This agreement is being formalised in an Equity Option and Funding Agreement
between the Nabucco Shareholders, NIC and the Potential Investors.
The Shah Deniz Consortium, NIC and the Nabucco Shareholders have also reached
agreement in principle on a Cooperation Agreement for further development of
Nabucco West and alignment with the Shah Deniz Stage 2 Project.
The Equity Option and Funding Agreement and the Cooperation Agreement are being
finalised and will be executed shortly in Vienna, Austria between the relevant
The pipeline selection decision for Shah Deniz' European export route is
expected to be taken by the Shah Deniz Consortium by 30 June 2013.
NABUCCO Gas Pipeline International GmbH
Floridsdorfer Hauptstrasse 1
Tel +43 (1) 27777 238
Fax +43 (1) 27777 5 238
Cell: +43 676 888 30 238
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