PresseBox
Press release BoxID: 452293 (Nabucco Gas Pipeline International GmbH (NIC))
  • Nabucco Gas Pipeline International GmbH (NIC)
  • Floridsdorfer Hauptstraße 1
  • 1210 Wien
  • http://www.nabucco-pipeline.com/
  • Contact person
  • Ina Haffke
  • +49 (89) 5436994-17

Nabucco welcomes Bayerngas intent to become new Shareholder

(PresseBox) (Vienna, ) Nabucco Gas Pipeline International GmbH welcomes Bayerngas intent on becoming one of the Nabucco shareholders. Negotiations with the six current shareholders will begin immediately to determine the future share split within the consortium. Bayerngas intention join the Nabucco consortium was discussed at a meeting between the Austrian Minister of Economy, Dr. Reinhold Mitterlehner and the Bavarian State Minister for Economy, Mr Martin Zeil in Vienna today.

Reinhard Mitschek, Managing Director, NABUCCO Gas Pipeline International GmbH, stated: "This is a great step forward for Nabucco. A strong downstream market is an important asset for the pipeline and something that a new shareholder such as Bayerngas will be able to strengthen. The Nabucco consortium is open to new shareholders as the project enters a new advanced phase. The start of negotiations with Bayerngas is strong message to the markets."

Nabucco is the European flagship project of the South East European Gas Corridor and offers the best export route for gas from the Caspian and Middle-East regions.

Shareholder structure

The Nabucco shareholders are: OMV (Austria), MOL (Hungary), Transgaz (Romania), Bulgarian Energy Holding (Bulgaria), Botas (Turkey) and RWE (Germany). Each shareholder holds an equal share of 16.67% of Nabucco Gas Pipeline International GmbH. It is the shareholders who are responsible for the negotiation of gas contracts.

BEH

Bulgarian Energy Holding EAD is a joint-stock company with a 100% Bulgarian state ownership The structure of the Bulgarian Energy Holding EAD includes seven subsidiaries: Mini Maritsa Iztok EAD, Maritsa East 2 TPP EAD, Kozloduy NPP EAD, NEK EAD, Bulgargaz EAD, Bulgartransgaz EAD and Bulgartel EAD, the capital of which is 100% owned by the Holding. Two of the BEH subsidiaries are working in the field of gas transmission and gas supply. These companies are Bulgartansgaz EAD and Bulgargaz EAD. Bulgartransgaz EAD, as a daughter company of BEH EAD, is the proprietor and operator of the gas-transmission network on the territory of the country for transmission of natural gas to Turkey, Greece and Macedonia. The company also possesses an underground gas storage. The total length of the main gas pipelines is over 2,645 km, out of which over 1,700 km of gas pipelines are representative of the national gas transmission network. The gas transmission network for local consumers and for transit transmission of natural gas also includes 10 compressor stations and 68 gas pressure-reduction stations. A total of 12,2 billion m³ of natural gas were transited by Bulgartransgaz EAD to the countries of the Balkan region in 2010. Bulgargaz EAD, as a daughter company of BEH EAD, possesses the only natural gas public supply licence in Bulgaria. In 2010 Bulgargaz EAD sold 2,662 billion m³ of natural gas on the domestic market.

BOTAS

The Turkish state owned company BOTAS is established in 1974 to transport the Iraqi crude oil to the Gulf of Iskenderun. With its headquarter in Ankara and some 2,800 employees, BOTAS is organized throughout Turkey to operate crude oil and natural gas systems efficiently. BOTAS operates around 12,000 km of gas pipeline within the country. After the completion of the Baku- Tbilisi-Ceyhan (BTC) Crude Oil Pipeline, the total crude oil pipeline system operated by BOTAS reached to 3,400 kms. Current transportation capacity of 80.2 million tons of oil reached some 130 million tons per year through the operation of BTC. Being also a trader of natural gas, through 8 separate sales-purchase contracts with companies from 6 different countries, BOTAS imported some 33 billion m³ natural gas in 2010, 5.2 billion m³ of this amount being LNG through its LNG terminal in Marmara Ereglisi. Together with its leading role in the Nabucco Project, BOTAS is the party to significant gas transport projects that will open the door of Eastern gas sources to Europe through Turkey.

MOL Group

MOL Group is one of Central Europe's leading international oil and gas companies with operations in 40 countries in Europe, the Middle East, North Africa and CIS member countries. It employs over 31 000 people worldwide. MOL Group's Upstream operation has more than 70 years experience in hydrocarbon production, presently conducting exploration activities in 11 and production in 7 countries worldwide, with a total daily production level over 150.000 boe per day. The Group operates five refineries and 2 petrochemical units, in Hungary, Slovakia, Croatia and Italy. MOL Group also owns a network of over 1 600 filling stations in Central & South Eastern Europe. MOL operates its total downstream portfolio under integrated supply chain management. Through FGSZ, its 100%-owned member company, it operates a 5800 km long high pressure gas pipeline system in Hungary.

OMV Aktiengesellschaft

With Group sales of EUR 23.32 bn and a workforce of 31,398 employees in 2010, OMV Aktiengesellschaft is one of Austria's largest listed industrial companies. In Exploration and Production, OMV is active in two core countries Romania and Austria and holds a balanced international portfolio. OMV had proven oil and gas reserves of approximately 1.15 bn boe as of year-end 2010 and a production of around 290,000 boe/d in 6m/2011. In Gas and Power, OMV sold approximately 18 bcm of gas in 2010. In Refining and Marketing, OMV has an annual refining capacity of 22.3 mn t and as of the end of June 2011approximately 4,700 filling stations in 13 countries including Turkey. In Austria, OMV operates a 2,000 km long gas pipeline network with a marketed capacity of around 89 bcm in 2010. With a trading volume of around 34 bcm in 2010, OMV's gas trading platform, the Central European Gas Hub, is amongst the most important hubs in Continental Europe. OMV further strengthened its position through the ownership of a 97% stake in Petrol Ofisi, Turkey's leading company in the retail and commercial business.

Sustainability

OMV is a signatory to the UN Global Compact, and an active supporter to the values enshrined in its Code of Conduct. These include a strong sense of responsibility towards the social and natural environment, especially in economically weak regions. OMV continuously addresses economic, environmental and social issues related to its business in a responsible manner. The company reports on its activities in a sustainability report in accordance with the Global Reporting Initiative Guidelines.

RWE AG

RWE AG is among Europe's five largest utilities. The Group, founded in 1898, is active in the generation and transmission as well as the sale and trading of electricity and gas. Over 70,000 employees supply 16 million customers with electricity and 8 million customers with gas. In fiscal year 2010, the Group recorded € 53,3 billion in revenues. RWE Supply & Trading GmbH unites RWE's successful wholesale trading activities with the long-term gas procurement, structuring and optimisation business. Thus RWE Supply & Trading GmbH is responsible for the economic optimisation of the entire non-regulated gas business of RWE Group with respect to procurement, transport and storage. In order to reach its goal, the company is engaging in pipeline projects and intensifying its business relationships with pipeline gas suppliers as well as with LNG suppliers. RWE Group currently handles a supply portfolio of roughly 50 bcm/a in Europe, a gas production of more than 3 billion cubic meters per year and gas storages with a capacity of some 6.1 billion cubic meters.

TRANSGAZ

The Romanian National Gas Transmission Company Transgaz, with its headquarters in Medias, has been established in April 2000, as a result of a legal unbundling of the former vertically integrated national gas company Romgaz. The registered capital of Transgaz is owned 73,5097 % by the Romanian state, represented by the Ministry of Economy Trade and Environment , 14,9876 % by the Proprietatea Fund and 11,5027 % was listed on the Romanian stock exchange on January 2008. The main object of activity is the natural gas transmission, dispatching and international transit, as well as research and design in the natural gas transmission field. Over the last four years, through the National Transmission System natural gas quantities between 16 bcm (2003) 15.2 bcm (2006), 11,4 bcm (2010) and 11.1 bcm (estimated for 2011) have been transported. Currently Transgaz operates over 13,240 km of pipelines. The turnover of the company for the year 2006 was EUR 268.8 million and for 2010, EUR 311,9 million.

Nabucco Gas Pipeline International GmbH (NIC)

Nabucco Gas Pipeline International GmbH (NIC) was set up on 24 June 2004 to develop, construct and operate the Nabucco pipeline. Headquartered in Vienna, it is an unbundled midstreamcompany under EU law. NIC is owned by the Nabucco shareholders and is responsible for the development, construction, operation and capacity trading and allocation for the Nabucco pipeline. NIC will be the only company in direct contact with the shippers and will offer a one-stop-shop solution, operating as an independent economic entity in the market, and acting independently from its parent companies. The pipeline system will be constructed by the National Nabucco Companies (NNCs), which are subsidiaries of NIC in each of the transit countries.

Nabucco

Nabucco is the new gas bridge from Asia to Europe. It will directly connect the world's richest gas regions - the Caspian region and the Middle East, to the European consumer markets. The pipeline will link the Eastern border of Turkey, to Baumgarten in Austria - one of the most important gas turntables in Central Europe - via Bulgaria, Romania and Hungary.