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New Company Joins Nabucco West Project

NABUCCO Gas Pipeline International GmbH announced that the French energy group GDF Suez has concluded a Share Purchase Agreement with OMV in Vienna. GDF Suez will join OMV (Austria), FGSZ (Hungary), Transgaz (Romania), BEH (Bulgaria) and BOTAS (Turkey) as a shareholder in Nabucco.

Reinhard Mitschek, CEO of NABUCCO Gas Pipeline International GmbH said: "The pan-European significance of NABUCCO is considerably reinforced with the agreement signed today. The entry of GDF Suez strengthens the shareholder structure of NABUCCO significantly and paves the way to the French market. The industry expertise of GDF Suez as the operator of the largest gas transport network in Europe and their status as the second-largest buyer of natural gas in Europe are of immense advantage to the project. GDF Suez is already very active in the NABUCCO countries."

Source: AzerTAc

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