Middle East Economic Survey

VOL. LIII

No 37

13-Sep-2010

Multi-Billion Dollar Financing Proposal Boosts Nabucco Project

Key agencies offer 4bn, subject to appraisal, to build the 7.9bn pipeline. Other potential lenders say their participation provides impetus for funding the project, despite continued uncertainties over gas supply.

Nabucco Gas Pipeline International has attracted $4bn of funding, subject to a rigorous approval process, to build the 3,300km-plus Nabucco gas pipeline designed to...