OMV Says Construction of Nabucco Pipe May Start in 2015
This article is for subscribers only.
OMV AG said construction of the Nabucco natural gas pipeline to transport gas from the Caspian region to Europe may start in 2015.
Should the owners of the BP Plc-led Shah Deniz field in Azerbaijan make a decision on whom to award its gas next year, construction could start in 2015 and be completed in 2018, OMV’s gas head Hans-Peter Floren told shareholders at the company’s annual shareholder meeting in Vienna today.