GDF SUEZ enters frame for Shah Deniz gas exports

OMV has sold a 9% stake in Nabucco Gas Pipeline International to GDF SUEZ.

May 31, 2013

Offshore staff

VIENNA, Austria -- OMV has sold a 9% stake in Nabucco Gas Pipeline International to GDF SUEZ.

OMV had acquired the interest held formerly by RWE.

Nabucco West is a frontrunner among the consortia bidding to take gas from the Shah Deniz Phase II development offshore Azerbaijan to Europe via new offshore/onshore pipelines.

Current participants comprise BEH (Bulgaria), BOTAS (Turkey), FGSZ (Hungary), OMV (Austria), and Transgaz (Romania).

5/31/2013

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