Austrian OMV says Nabucco can be built without MOL

Azerbaijan, Baku, April 27 / Trend A.Badalova/ Nabucco gas pipeline can be built without Hungarian MOL, Austrian utility OMV AG CEO Gerhard Roiss said in the advance release of an interview with the German daily Handelsblatt, Dow Jones reported. According to Roiss, the legal preconditions for building the length of the pipeline have been secured, that is why MOL's leaving does not cost concerns. "In addition, there are other companies that want to join the consortium," Roiss said. Hungarian MOL has serious concerns over the Nabucco gas pipeline project and is ready to sell its share in it, the company's official stated this week. MOL is a 100-percent owner of FGSZ Natural Gas Transmission Company, which is one of the six shareholders in Nabucco gas pipeline project designed to transport gas from the Caspian region and Middle East to Europe. Gas to be produced during the second stahe of Azerbaijani Shah Deniz field development is considered as the main source for the project. The project's other partners include Bulgarian Energy Holding, Romanian Transgaz, Turkish Botas, Austrian OMV and German RWE. According to Roiss, Nabucco pipeline could be adapted to eliminate the Turkish portion of the pipeline, making the pipeline around 1,300 kilometers shorter and cheaper. "Large gas discoveries in the Black Sea have changed the situation," he added. Do you have any feedback? Contact our journalist at agency@trend.az