Reinhard Mitschek, Nabucco's managing director, announced that progress is being made in talks between NABUCCO gas pipeline shareholders and potential gas suppliers. "The shareholders are currently undertaking the negotiations with the gas suppliers and progress is being made. Therefore we are confident that the construction will start in 2013 and the first gas will flow in 2017," he said in a press release on Tuesday, adding that "The NABUCCO project continues to be driven by the needs of its customers" and "The Caspian Region and Middle East have some of the world’s largest gas reserves, which the producers are very keen to export to Europe. The construction of the NABUCCO pipeline infrastructure has been aligned with the expected timetable from the producers’ side.
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