Middle East Economic Survey
VOL. LIV
No 41
10-Oct-2011
CASPIAN
Bayerngas To Join Nabucco In 2012
The Nabucco gas pipeline consortium, one of four bidders on 1 October for gas from Azerbaijans Shah Deniz Phase 2 field development, announced on 30 September that Germanys Bayerngas would become the groups seventh shareholder. Bayerngas is Bavarias largest gas utility. It is not yet decided how much equity Bayerngas will take. Nabucco CEO Reinhard Mitschek said in a press statement that...
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