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Six Nabucco Pipeline Partners Each Asked To Post $2.3 Billion in Guarantees

Publication Date: 3/9/2011
Author: Ann Uysal in Istanbul
Format: HTML

The six companies planning the Nabucco pipeline to bring Caspian gas to Europe—RWE AG of Germany, OMV of Austria, Mol Nyrt of Hungary, Bulgargaz EAD of Bulgaria, Transgaz SA of Romania and Boru Hatlari ile Petrol Tasima AS of Turkey—will each need to arrange $2.3 billion in pre-completion guarantees for the project in addition to $559 million in equity, according to recent news reports.

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