Law360, New York (June 28, 2012, 10:15 PM ET) -- BP PLC and Norway's Statoil ASA on Thursday selected an 820-mile planned route from Turkey to Austria as one of two final contenders to carry Azerbaijani gas to Europe, rejecting a rival proposal from BP itself and moving one step closer to tapping western markets by 2018.
The two companies have been winnowing possible export routes for a $25 billion drilling expansion at the Shah Deniz gas field in the Caspian Sea. On Thursday, the Nabucco West pipeline emerged as one of two remaining contenders, outlasting...
BP, Statoil Finalize Short List For Caspian Pipeline Route
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