Nabucco Outbids SEEP for Shah Deniz Gas, Nefte Compass Reports
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BP Plc and its partners in the Shah Deniz gas field in the Caspian Sea selected the Nabucco West pipeline over the BP-backed South-East Europe Pipeline, or SEEP, in a second round to bring natural gas from Azerbaijan to Europe, Nefte Compass reported, citing unidentified people in the Caspian gas industry.
Nabucco West will now compete with the Trans-Adriatic Pipeline, known as TAP, for rights to export Shah Deniz gas, with the partners aiming to make the final choice by mid-2013, according to the industry newsletter.