Bloomberg News

Nabucco Revised Cost ‘Won’t Be Far Away’ From Existing Price Tag

October 25, 2011

Oct. 25 (Bloomberg) -- Nabucco Gas Pipeline International GmbH Managing Director Reinhard Mitschek said that the natural gas link’s revised costs “won’t be far away” from the existing 7.9 billion-euro price tag.

Mitschek, speaking in an interview in Istanbul, couldn’t say when a new cost figure would be announced.

Nabucco expectes gas supply deals to be signed in November, with the so-called open season starting in “spring or summer” of 2012, he said. A final investment decision is seen for early 2013 and construction start in late 2013, he said.

To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net


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