Bloomberg News

BP Waiting for Offers From Nabucco, SEEP by May 16, TAP Says

April 27, 2012

The BP Plc-led group behind the Caspian Sea Shah Deniz gas field that’s planning an export route to Europe is awaiting formal submissions from Nabucco and the South East Europe Pipeline, or SEEP, by May 16.

The group, which also includes Statoil ASA (STL), Total SA (FP) and State Oil Co. (ATPG:US) of Azerbaijan, intends to choose between SEEP and Nabucco West, a revised version of the European Union-backed project, in June, BP Vice President for Shah Deniz Al Cook said in an interview on the TAP website.

The winner of the Central European route will then compete with TAP, or the Trans-Adriatic Pipeline developed by EGL AG, Statoil ad E.ON Ruhrgas. The Shah Deniz partners will make a final route selection by mid-2013, Cook said.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


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