NABUCCO GAS PIPELINE PROJECT

November 10, 2008 at 4:59 am | Posted in Economics, Financial, Globalization, Middle East, Oil & Gas, Research, Science & Technology | Leave a comment

Nabucco Gas Pipeline International GmbH

Nabucco Gas Pipeline International GmbH was

established on June 24 2004 and is based in Vienna

The pipeline length is approximately 3,300 km, starting at the Georgian/Turkish and/or Iranian/Turkish border respectively, leading to Baumgarten in Austria.

Nabucco Gas Pipeline International GmbH floridotower   Floridsdorfer Hauptstraße 1   1210 Vienna   Austria   Tel. +43 (1) 2700 371-28661   Fax +43 (1) 2700 371-28669

e-mail: info@nabucco-pipeline.com

Registriert beim Handelsgericht Wien unter FN 247767p   VAT No: ATU58160368

Management Contact

Media & Press Contact

Reinhard Mitschek Christian Dolezal Managing Director Spokesperson   Tel. +43 (1) 2700 371-28660 Tel. +43 (1) 27500-28566 Fax +43 (1) 2700 371-28669 Fax +43 (1) 27500-28669

e-mail: reinhard.mitschek@nabucco-pipeline.com

e-mail: christian.dolezal@nabucco-pipeline.com

The Nabucco project represents a new gas pipeline connecting the Caspian region, Middle East and Egypt  via Turkey, Bulgaria, Romania, Hungary with Austria and further on with the Central and Western European gas markets

The pipeline length is approximately 3,300 km, starting at the Georgian/Turkish and/or Iranian/Turkish border respectively, leading to Baumgarten in Austria.

In this respect it has to be taken into account that a reasonable amount of the gas volumes, reaching Baumgarten, have to be further transported through Austria to the Central and Western European Countries.

According to market studies the pipeline has been designed to transport a maximum amount of 31 bcm/y.

Estimated investment costs including financing costs for a complete new pipeline system amount to approximately 7.9 billion Euro.

Nabucco Gas Pipeline International GmbH, was established on June 24, 2004 and is seated in Vienna. It is directly owned by the Nabucco Partners and is responsible for the marketing of the pipeline capacity. Nabucco Gas Pipeline International GmbH will be the only company in direct contact with the shippers (one-stop-shop – principle), and will operate as an autonomous economic entity on the market, acting independently from its parent companies.

Overall responsibilities for Nabucco Gas Pipeline International GmbH are:

1

The carrying out and/or promotion of studies by professional engineers, economic advisors, tax, legal and financial advisors with regard to the financing of the construction of a gas pipeline from Turkey via Bulgaria, Romania and Hungary to Austria, being described as the Nabucco Gas pipeline.

2

The company shall have the power to do anything which is conducive for above mentioned object, particularly by lobbying at governmental and European Commission levels to create appropriate investment incentives for potential investors of the project.

3

To co-ordinate the public relations activities e.g. by sending out mutually agreed press releases, by giving presentations at relevant conferences and by editing an information brochure about the project

4

The company shall have the power to negotiate and to conclude transportation contracts with potential shippers on the basis of mutually agreed terms and conditions for rendering transportation services in the above mentioned gas pipeline. The term “shippers” means any and every possible client.

5

To conclude transportation contracts regarding the whole pipeline.

6

To arrange and establish the financing of the Nabucco Gas Pipeline Project and to consolidate the funding of the related Companies.

7

To establish affiliated Companies and to coordinate their activities.

8

To coordinate and manage all further phases of the Nabucco Gas Pipeline Project, like the Development Phase, the Construction Phase and the Operating & Marketing Phase.

9

To carry out activities of a transmission system operator (TSO) acting as holder of transmission rights concerning the Nabucco Gas Pipeline.

10

To perform transmission related services including all respective duties and responsibilities referring to Nabucco Gas Pipeline.

11

To carry out telecommunication related activities and to provide telecommunication related services

Nabucco Gas Pipeline International GmbH