BP, Statoil Finalize Short List For Caspian Pipeline Route

Law360, New York (June 28, 2012, 10:15 PM EDT) -- 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...
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