Nabucco Gas Pipeline International GmbH (NIC) was set up on 24 June 2004 to develop, construct and operate the Nabucco pipeline. Headquartered in Vienna, it is an unbundled midstream-company under EU law. NIC will be the only company in direct contact with the shippers and will operate a one-stop-shop principle, operating as an independent economic entity in the market, and acting independently from its parent companies. The pipeline system will be constructed by the National Nabucco Companies (NNCs), which are subsidiaries of NIC.
NIC is owned by the Nabucco shareholders and is responsible for the development, construction, operation, capacity trading and allocation for the Nabucco pipeline.