EBRD – Annual meeting and Business Forum Istanbul 2013 Nabucco Gas Pipeline International Reinhard Mitschek Chief Executive Officer 10 May 2013.

EBRD – Annual meeting and Business ForumIstanbul 2013

Nabucco Gas Pipeline International

Reinhard Mitschek

Chief Executive Officer

10 May 2013

Gas bridge from Asia to Europewww.nabucco-pipeline.com

Bridging the gap between Europe and the Caspian Regionresults in an investment program of appr USD 40 to 45 bn

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Shah DenizTANAP

Source: OMV

Gas bridge from Asia to Europewww.nabucco-pipeline.com

Nabucco brigdes the gap between the Caspian Region and Europe offering a competitve transport solution for natural

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Pipeline Diameter: 56“

Distance: 3,300 km Investment: ~ 5 bill.

€ Transport capacity:

max. 31 bcmy

TANAP

NabuccoCaspian RegionAzerbaijan,Turkmenistan

Baumgarten

Gas bridge from Asia to Europewww.nabucco-pipeline.com

NABUCCO – Market Access (2030 Forecast)

NABUCCO TRANSIT MARKETS: 43 bcmaPlus NEIGHBOURING MARKETS: accum. 246 bcma Plus EXTENDED MARKETS: accum. 315 bcma

Germany

France

Poland

Balkan

Italy

Greece

43 bcm

246 bcm

315 bcm

Gas bridge from Asia to Europewww.nabucco-pipeline.com

Diversification, Security of Supply and Freedom of Choice for 500 million consumers

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• Combination of existing pipeline connections and

• existing consolidated gas hubs

• New/growing gas markets

• Existing interconnections in SEE/CEE

• Potential new interconnections in SEE/CEE

• NABUCCO connects national grids in transit countries, offers logistic solutions to Italy and Greece

• NABUCCO provides alternative gas supply to all countries in SEE

• NABUCCO connects all important gas hubs in Europe via the Central European Gas Hub

• NABUCCO combines physical transports & gas swap opportunities

Gas bridge from Asia to Europewww.nabucco-pipeline.com

NABUCCO offers gas to all SEE countries

Existing direct links

Possible Interconnectors

Source: ENTSOG

ITALY

GERMANY

CZECHREPUBLIC

POLAND

SLOVAKIA

AUSTRIA

SLOVENIA

CROATIA

HERZEGOVINABOSNIA AND

SERBIA

MONTE-NEGRO

ROMANIA

UKRAINE

Bucharest

HUNGARYBudapest

Baumgarten

Vienna

BULGARIA

Sofia

MACEDONIA

ALBANIA

GREECE

TURKEY

MOLDOVA

KOSOVO

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Gas bridge from Asia to Europewww.nabucco-pipeline.com

NABUCCO PDSP Submission: 29 March 2013

PDSP successfully submitted to SDII Consortium

• Pipeline Decision Support Package successfully submitted in time and as detailed as requested by NIC to SDII.

• Basis for SDII Decision end of June 2013

• PDSP package contains all relevant details about Technical Design, Project Execution Plan, Scope & Schedule, Capacity Marketing & Tariffs, Legal & Regulatory, Financial Structure, Human Resources & Organisation, and other related project key parameters

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Gas bridge from Asia to Europewww.nabucco-pipeline.com

Next steps on the way to the Final Investment Decision

• Clarification meetings with Shah Deniz

• Independent Project Audit

• Subscription and Shareholders Agreement (SASA)

• Route selection decision by Shah Deniz II Consortium

• Execution of the Open Season

• Completion of Front End Engineering Design for NABUCCO West

• Accession Process of Shah Deniz Potential Investors (SD PIs)

• Final Investment Decision NABUCCO West and Shah Deniz II

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Gas bridge from Asia to Europewww.nabucco-pipeline.com

NABUCCO: Unique robust transit framework

Intergovernmental Agreement

Project specific and superior source of national law

Project Support Agreements

Safeguards exemptions and IGA rights

Expands state facilitation obligations

EU Gas Directive Exemptions

100 % tariff, 100 % T&Cs, 50 % capacity allocation

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NABUCCO´S unique harmonised regulatory and legal framework guarantees a predictable and transparent transit regime for the entire route

Gas bridge from Asia to Europewww.nabucco-pipeline.com

Vienna, Austria (8.10. 2012)

• Legal status of IGA & PSA confirmed.

• Support for new shareholders from Shah Deniz II Consortium joining the project.

• Cooperation TANAP / NABUCCO enhanced.

Sofia, Bulgaria (10.01.2013)

• Validity of Intergovernmental Agreement extended to NABUCCO West.

• Agreement between Shah Deniz II Consortium and NABUCCO announced.

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Political Committee: Utmost support for the project

Budapest, Hungary (12.04. 2013)

• Report of the joint Tax Committee

• Adaption of a joint political declaration to confirm political support

Gas bridge from Asia to Europewww.nabucco-pipeline.com

NABUCCO Gas Pipeline International GmbH

Floridsdorfer Hauptstrasse 1

1210 Vienna, Austria

Communication & Public Affairs

Tel +43 1 27777-240

Fax +43 1 27777-5240

[email protected]

www.nabucco-pipeline.com

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Contact