Nabucco: We don't accelerate spectacularly, but this is the only way to do projects of this kind

Nabucco, the gas pipe developed at European initiative to reduce dependence on Russian gas imports, has been overshadowed by the aggressive approach of Russians at Gazprom in the past few years, who make and break partnerships for their own gas pipe, South Stream. Nabucco representatives say projects of this kind are done in small, steady steps, and are certain building works will start in 2012.

"We don't take major leaps, we take small, steady steps. We don't accelerate spectacularly, but this is the realistic way to do projects of this size," says Christian Dolezal, spokesman for the Nabucco project. Nabucco shareholders are Transgaz (Romania), OMV (Austria), RWE (Germany), MOL (Hungary), Bulgargaz (Bulgaria) and Botas (Turkey). The maximum capacity of the pipe will be 31 billion cubic metres, it will cost 8 billion euros, and the pipe will be around 3,800-kilometre long. 

News source: ZF English link: article