RWE to Develop Kurdistan Gas Infrastructure

A division of the German utility RWE AG, has signed an agreement with the Kurdistan regional government to develop the northern Iraq region’s natural gas infrastructure and to provide a source of supply for the Nabucco pipeline.

RWE Supply & Trading said the agreement aims at helping the region “to develop and design its domestic and export [gas] transportation infrastructure” to market Kurdistan’s gas reserves.

RWE  hopes the partnership will help to negotiate “gas supply agreements to enable gas from the region to be transported to Turkey and Europe via the Nabucco pipeline”.

“We hope to very soon reach agreement on supplies of gas from the Kurdistan region of Iraq,” commented Stefan Judisch, Chief Executive of RWE Supply & Trading.

RWE  is shareholder of Nabucco pipeline consortium that includes MOL (Hungary), OMV AG (Austria),  Transgaz (Romania) and  Bulgargaz (Bulgaria).