BP Says Adriatic Pipeline Choice for Azeri Gas Driven by Prices
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BP Plc, the lead developer of Azerbaijan’s Shah Deniz natural-gas field, said its decision to send the fuel to Europe through the proposed Trans-Adriatic Pipeline was driven by prices.
The move, which ends four years of competition with the Nabucco pipeline project, was based on “commercial factors, including the cost to get the gas to the market and the market prices,” Al Cook, BP Azerbaijan vice president for Shah Deniz, said in an interview in Baku, Azerbaijan. “We saw a difference between the two pipelines measuring in billions of dollars.”