OMV chief financial officer David Davies said that "strategically we think this is a tremendously attractive project, not just for us corporately, but for the whole issue of security of supply for the European Union generally".

The 3300 kilometre,¤4.6 billion ($6.2 billion) Nabucco project aims to pump Caspian and Middle East gas to Europe, via Turkey and the Balkans, easing reliance on Russian gas.

Austria's