Shah Deniz 2 Nabucco deal

By Kama Mustafayeva

 17 January 2013 06:35 GMT

The Shah Deniz 2 consortium developing the giant gas field off Azerbaijan has agreed to take a 50% stake in the proposed West Nabucco pipeline project if it chooses that route to export its output to Euro­pean markets, writes Kama Mustafayeva.

The decision puts West Nabucco on a par with the Trans Adriatic Pipeline (TAP) proposal nearly six months ahead of a decision by the Shah Deniz partners on which route to use.

The consortium, which last year took a similar non-controlling stake in TAP, is to select the winning proposal by 30 June — when one of the two stakeholdings will be finalised.

Shah Deniz 2 is operated by BP with Statoil, Socar, Total, Eni, Lukoil, TPAO and NIOC also involved.

Nabucco West runs 1300 kilo­metres from the Bulgarian-Turkish border to the Austrian hub…

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