Azerbaijan To Buy 50% Stake In Nabucco Eurasia Review

Azerbaijan’s Shah Deniz II gas group could agree to take a 50% stake in the Nabucco pipeline consortium by January, boosting Nabucco’s prospects in a competition between projects that aim to pipe Azeri offshore gas into Europe.

Nabucco stakeholder Bulgarian Energy Holding (BEH) said on Thursday (20 December) that talks were advanced and that he hoped a deal could be sealed on 10 January at a Nabucco shareholders meeting in Sofia.

“We are holding talks almost every day. We expect Shah Deniz to acquire 50% of the shares in the Nabucco consortium,” Mikhail Andonov, head of BEH, told reporters.

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