Middle East Economic Survey

VOL. LIV

No 42

17-Oct-2011

CASPIAN

Nabucco Schedule Slips Again, Kazakhstan Declines Trans-Caspian Offer

Gerhard Roiss, CEO of Austrias OMV, told the Austria Press Agency on 11 October that according to current estimates the planned Nabucco gas pipeline would be ready to start shipping Azeri gas from Shah Deniz Phase 2 in 2018 rather than the earlier scheduled start-up of 2017. This means that the construction start-up date for the 31 bcm/y capacity, $14bn project...