“No significant net special charges were recorded in the operational result for the quarter. Net special charges in the financial result amounted to EUR55 million, resulting from the write-down of assets in relation to the Nabucco West project,” OMV said in a report.
The consortium that develops gas field Shah Deniz-2 in Azerbaijan has recently said it opted for rival Trans-Adriatic Pipeline (TAP) to ship its gas to the European market.
Romania is also a shareholder of the Nabucco West pipeline project, which was supposed to link Turkey to Austria, offering a new delivery route for gas to Europe and thus reducing European dependence on Russian gas.
The shareholders of the Nabucco project are OMV (Austria), Transgaz Medias (Romania), BEH (Bulgaria), MOL (Hungary), BOTAS (Turkey) and GDF Suez (France).
OMV Petrom is 51.01%-owned by Austrian group OMV. The Economy Ministry holds a 20.63% stake in the company, while investment fund Fondul Proprietatea (FP.RO) owns 20.11%.