The company could take additional charges of up to RON6.6 million because of the failed pipeline project.
Romania is 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.
Azerbaijan was supposed to be one of the main suppliers for Nabucco West, but the consortium developing Azerbaijan’s Shah Deniz-2 field has opted for rival Trans-Adriatic Pipeline (TAP) to ship its gas to the European market.
The other shareholders in the project are Austria’s OMV, Bulgarian BEH, Hungary’s MOL, Turkish Botas and French GDF Suez.
OMV said Thursday it would book a one-time charge of EUR55 million because of the Nabucco West project. (EUR1=RON4.3895)