Essen, 01 November 2009, RWE Supply & TradingThis pressinformation is more than two years old

RWE has no plans to use gas from Iran

  • Aserbaijan and Iraq and Turkmenistan are reday to supply Nabucco with gas
  • First supply contracts expected in the first half of 2010

RWE doesn't see any need to fill the gas pipeline Nabucco with gas from Iran.
Stefan Judisch, CEO of RWE Supply & Trading and member of the Nabucco consortium: " Aserbaijan and Iraq and Turkmenistan are able to offer more than enough gas to fill Nabucco. We expect to have first supply contracts in the first half of next year. Beyond that, RWE does not view Iran as a further potential partner in the Nabucco consortium. There are no talks or plans in this respect." In addition to that it is remarkable that Iran is a net-importer of gas and other energy sources. The political environment also doesn't permit to involve Iran, said Judisch.

The Nabucco pipeline will be the link for gas from the caspian region and the Middle East to Turkey, Bulgaria, Romania, Hungary and Austria and onwards to Europe from 2014 at the latest. Shareholders in the Nabucco consortium are the Germany's RWE, Austria's OMV, BOTAS (Turkey), Transgaz (Romania), Bulgarian Energy Holding (Bulgaria) and MOL (Hungary). On the 13th of July this year the transit countries of Nabucco have signed an Intergovernmental Agreement (IGA) securing the legal framework to build and and operate Nabucco and a common tariff methodology. The open season for capacity booking by shippers on an binding basis is expected to be commenced in the first half of next year. Final investment decision is being provided for the end of 2010. Currently building costs are estimated with approx. € 8 bn. Building is expected to start in 2011 and first gas will be transported in 2014. Pipeline capacity will be increased up to 31 bcm by 2019/20.

: This pressinformation is more than two years old