The Future of the Natural Gas Market in Southeast Europe

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Figure 4.7 Replicating Nabucco Corporate Structure for the EC Gas Ring EC Ring Partners: Albania Transco

BH-Gas

Plinacro

GA-MA

Montenegro Transco

Srbijagas

Kosovo Transco

Others? Equal shares Pipeline: • engineering design • financing (WB, KIW, EBRD, and so forth) • transportation rights • contracts for capacity

Energy Community Gas Ring Regional Gas Pipeline Co. EC Ring Subsidiary Companies: EC Ring Albania

EC Ring Bosnia and Herzegovina

EC Ring Croatia

EC Ring FYR Macedonia

EC Ring Montenegro

EC Ring Serbia

EC Ring UNMIK

100% subsidiaries Pipeline: • construction • ownership • maintenance

Source: Nabucco Gas Pipeline International GmbH, http://www.nabucco-pipeline.com/company/company-structure/index.html. Note: EBRD = European Bank for Reconstruction and Development; EC = Energy Community; KfW = KfW Entwicklungsbank; UNMIK = United Nations Interim Administration Mission in Kosovo; WB = World Bank.

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