Nabucco Could Still Use Iraqi Gas

The Nabucco consortium considers Northern Iraqi gas as an option to secure future gas supply to Europe, Dow Jones Newswires reported on Wednesday

"Why shouldn't we pipe gas from Northern Iraq," Nabucco spokesman, Christian Dolezal is quoted as saying.

"We should explore that as an option to secure future gas supply for Europe."

But he also stressed that the consortium still remains focused on its primary project of a major pipeline to carry Caspian natural gas to Europe.

The construction of Nabucco pipeline with maximum capacity of 31 billion cubic meters is planned to start in 2013 and its first supplies are scheduled for 2017.

Recent reports, however, suggest that the future of the project is in doubt.

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



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