Pipeliners

January 23, 2008 - AFX News - The sixth shareholder for the 5 bln eur Nabucco gas pipeline project will likely be disclosed early in February, according to Reinhard Mitschek, the project's general manager. Mitschek told Thomson Financial News that while commercial negotiations have been finalized, the formal approval process within Nabucco's shareholders' companies is still ongoing. In response to media reports that the Turkish government has given its approval for Germany's RWE AG to join Nabucco, Mitschek said confidentiality agreements prohibit him from naming the new partner before the closing of the formal approval process, which he expects at that start of February. The founding members of the Nabucco consortium are Austria's OMV AG, Hungary's MOL Nyrt, Botas of Turkey, Transgas of Romania, and Bulgaria's Bulgargaz.