1 October 2009
Investment decision on Nabucco imminent
A FINAL investment decision (FID) on the Nabucco gas pipeline project could be taken in early 2010, according to Werner Auli, head of gas and power at OMV, the company leading the project. Speaking at an economic forum in Vienna last month, Auli said the financial structure for the €8bn ($12bn) venture could be finalised by the end of the year. FID would help the consortium overcome one of the projects biggest weaknesses: securing supply commitments to fill the 31bn cubic metres a year (cm/y) pipeline, which is designed to break Russia's stranglehold on gas exports to Europe by importing gas from the Caspian and Middle East without crossing Russian soil. "The commitment to an FID would be a
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
