Press Releases

Press Releases 2008 - 2010

Nabucco Consortium welcomes ratification of Intergovernmental Agreement by the Turkish Parliament

Nabucco treaty now ratified in all transit-countries
Turkey, Bulgaria, Romania, Hungary and Austria confirming their determination in building the pipeline

more>> Pressrelease March 5th 2010 (68 KB)

Nabucco supports Caritas Street-Children House

15.000 Euros contribution to project "Street children House Maria Stein" in Petrosani - Romania
Nabucco proactively helps underprivileged people within the Nabucco countries

more>> Pressrelease December 18th 2009 (50,7 KB) Photo (2,17 MB)

Nabucco donates to Caritas children aid project!

Nabucco has chosen to support the project "Street children House Maria Stein" in Petrosani - Romania
Nabucco will desist this year from Christmas cards and presents, insted it donates to Caritas

more>> Newsletter December II 2009 (PDF 34 KB)

Nabucco intensifies dialogue with potential lenders

Dialogue with EIB, EBRD and the International Finance Corporation (IFC)
In 2010 the scope of involvement of individual lenders will be negotiated

more>>

download now: > Press Release October 22^nd, 2009 - Vienna (PDF, 50KB)

Inter-Governmental Agreement (IGA) guarantees stable legal framework for gas transit

Press Release July 13^th, 2009 - Ankara

Political agreement among the Nabucco transit countries, Austria, Hungary, Romania, Bulgaria and Turkey signed in Ankara Germany is not transit country and therefore not party to agreement but states full political support

Ensures equal legal conditions for gas transit throughout the entire Nabucco pipeline system

Lays down transport tariff methodology and rules for network access

Establishes political committee comprising representatives of all signatory countries to support development of the project

more >>

download now: > Press Release July 13^th, 2009 - Ankara (PDF, 99KB, German version)

Local engineering of Nabucco's pipeline route begins

Press Release May 12^th, 2009 - Vienna

Nabucco steps into intensive phase for technical detailed planning. Five Local FEED Engineers for all transit countries appointed.

Managing Director Reinhard Mitschek switches from OMV to Nabucco Gas Pipeline Int. - core team moved into Vienna office.

Prague-Summit another important political milestone. Intergovernmental Agreement to be signed at the end of June.

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download now: > Press Release May 12^th, 2009 - Vienna (PDF, 89KB)

Market Survey shows huge demand for Nabucco capacities

Press Release August 18^th, 2008 - Vienna

Pipeline capacities are more than 100 percent overbooked by potential shippers on a non binding basis

In preparation of the Open Season Process the Nabucco Gas Pipeline International GmbH undertook an actual market survey amongst potential shippers on a non binding basis last month.

Nabucco capacities are more than 100 Percent overbooked by potential shippers from day one in 2013 on a long term basis.

Strong request for transport of natural gas from various gas sources in Central Asia and Middle Eeast.

Open Season Process will start, when the legal framework - Exemption Process and Intergovermnental Agreement - is finally established.

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download now: > Press Release August 18^th, 2008 - Vienna (PDF, 101KB)

Nabucco updates investment expectations

Press Release May 29^th, 2008 - Vienna
Start of market sounding in preparation of open season process

The Nabucco Consortium recently undertook a CAPEX update based on an actual market survey amongst major material and service supplies.

The high price of crude oil and rising demand for steel cause increase of investment. Nabucco requires 2 mn tons of steel, 200,000 pipes and more than 30 compressor units.

Nabucco´s competitiveness is uneffected since high demand for energy will increase the profitability of energy projects.

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download now: > Press Release May 29, 2008 - Vienna (PDF, 95KB)

RWE joins Nabucco consortium as sixth partner

Press Release February 6, 2008 - Vienna

RWE becomes the sixth partner of the Nabucco consortium - agreements signed in Vienna on February 5, 2008
Important step towards the completion of the Nabucco pipeline - new partner substantially strengthens the consortium
From 2013 on the pipeline will connect Europe with the natural gas reserves in the Caspian region and the Middle East

more >>

download now: > Press Release February 6, 2008 - Vienna (PDF, 47KB)
link: > Photos from signing in Vienna

Nabucco-Pipeline starts detailed technical planning
Press Release January 8, 2008 - Vienna

Nabucco Gas Pipeline International Ltd., a consortium of international partners planning and constructing the Nabucco Gas Pipeline, appoints British company Penspen as owner's engineer for coordinating the detailed planning of the project
Four national Nabucco companies already founded in 2007

more >>