Trend: Managing Director: Nabucco West concludes negotiations on shareholder agreement with Shah Deniz partners

Nabucco West has concluded the negotiations on the shareholder agreement with the partners of Azerbaijani Shah Deniz field development, Managing Director of Nabucco Gas Pipeline International GmbH Reinhard Mitschek said in interview with journalists in Baku on Wednesday.

"The shareholder agreement is in place," Mitschek said. "It is finalized. As soon as the options are exercised by the Shah Deniz consortium, it will come into force."

Mitschek expressed the confidence that Nabucco West will be selected as the final European pipeline route by the Shah Deniz consortium at the end of June.

"I am confident that Nabucco West will be selected because it provides the best solution and the most attractive concept for the Shah Deniz consortium, for the sellers and for the buyers," Mitschek said.  MORE