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October 2006: Exemption documents submitted
A major step within the progress of the project development is reached with the submission of the Exemption documents, which finally were sent to the European Commission as well as to the relevant Regulators on 5 October 2006.
Nabucco Gas Pipeline International GmbH requests the benefit of an Exemption from certain Provisions of Regulated Third Party Access relating to the prior approval and publication of the tariffs, together with the terms and conditions for access to the network.
Considering the very large investments involved in the Nabucco Project and the corresponding high level of risk, the decision to build the Nabucco Project depends on the necessary certainty and security of the regulatory framework applicable to the long-term transmission contracts which will underpin the investments.
In connection with the Exemption Nabucco Gas Pipeline International GmbH at present is preparing a so called open season process, where all interested shippers will be invited to announce their particular interest in transportation of gas to Nabucco. Further information to this issue is available in section “Products & Services / Open Season”.