Press Releases
Essen, 17 January 2012, RWE AG
RWE continues to support pipeline plans
The fundamental approach to Nabucco has not changed: RWE would like to secure access to gas from the Caspian region to supply Europe. That is the basis for involvement in the Nabucco Pipeline Project and this interest continues. more
Kayseri, Turkey, 8 June 2011, NABUCCO Gas Pipeline International GmbH
Nabucco legal framework finalised
The legal framework for the Nabucco Pipeline has been finalised today with the signing of the Project Support Agreements (PSAs) in Kayseri, Turkey. Signees of the agreement were the NABUCCO Gas Pipeline International GmbH and the responsible Ministries of the five transit countries (Austria, Bulgaria, Hungary, Romania and Turkey). more
Essen/Brussels, 06 September 2010, RWE Supply & Trading
RWE welcomes financing support for Nabucco
Stefan Judisch, CEO of RWE Supply & Trading: “We are looking forward to developing the financing for Nabucco with the EIB, EBRD and IFC. This significant will to finance up to €4 billion demonstrates the importance these institutions place on the success of Nabucco and its objective of enhancing European security of supply. more
Vienna, 23. August 2010, NABUCCO Gas Pipeline International GmbH
Nabucco: Modification of feeder line concept
The Nabucco pipeline project has taken another step forward. At their latest Steering Committee meeting in Ankara, the shareholders agreed on a modification of the feeder line concept. more
Essen, 12. July 2010, RWE Supply & Trading
RWE confirms commitment to Nabucco pipeline project
RWE has been asked by Gazprom to consider joining the consortium for the construction of the South Stream pipeline. RWE will look into this offer, as it does everym offer. At the same time, RWE would like to make it absolutely clear that its participation min the Nabucco gas pipeline project definitely takes priority, because Nabucco best mmeets RWE’s investment criteria and fits in best with the Group’s ongoing projects in Europe, the Caspian Region and Turkey. more
Essen, 05 March 2010, RWE AG
RWE welcomes Nabucco ratification by Turkish Parliament
“Turkey has always backed Nabucco,” said Stefan Judisch, CEO of RWE Supply & Trading, the German partner in the Nabucco Consortium. “This vote of confidence by the parliamentarians in Turkey is a clear signal to Europe, the countries of the Caspian Region and the Middle East, that Turkey unequivocally supports the goal of achieving greater freedom of choice, security of supply and more competition in the gas market.” more
Essen, 16 November 2009, RWE AG
Nabucco is the most economic link for Caspian gas to Europe
RWE today announced that Nabucco will offer the cheapest option to Caspian gas producers such as Azerbaijan to link their gas resources with the large downstream markets of Europe. Comparing publicly available data from other pipeline projects as South Stream, Interconnector Greece-Italy (IGI) and Trans-Adriatic-Pipeline (TAP), RWE has established clear evidence of the considerable benefits for Nabucco. more
Essen, 16 September 2009, RWE Supply & Trading
RWE and Azerbaijan continue to develop energy relations
Azerbaijan is a country rich in energy sources, especially in the Caspian Sea. Its capital city Baku is known as the cradle of the oil industry. On 20 September 1994, the “Contract of the Century” provided the framework for Western companies to tap new oil and gas reserves in the Azerbaijani part of the Caspian Sea as well as for export to the West and to the global market. more
Essen / Ankara, 13 July 2009, RWE AG
Inter-Governmental Agreement (IGA) guarantees stable legal framework for gas transit
Reinhard Mitschek, Managing Director of the Nabucco Pipeline Int., said: “The completion of the Intergovernmental Agreement represents a significant breakthrough in the realization of this project. The pipeline now has a stable legal basis, and can guarantee gas transit under equal and transparent conditions for all customers.” more
Essen, 05 February 2008, RWE Gas Midstream
RWE becomes the sixth partner of the Nabucco-consortium
Nabucco Gas Pipeline International Ltd., an international consortium planning and constructing one of the most important European infrastructure projects for securing natural gas supply, today announced that RWE Gas Midstream had joined as the sixth strategic partner. Today, February 5, 2008, all partners signed the relevant agreements in Vienna. more
