More countries leaving Nabucco
Hungarian company MOL is leaving Nabucco project, “Vzgliad” report says. The pipeline, called Nabucco, would carry gas from the Caspian region to the European Union through Hungary, bypassing Russia.
According to New York Times Prime Minister Viktor Orban of Hungary said Monday that a major pipeline project intended to reduce the European Union’s reliance on Russian natural gas was “in trouble” and that the Hungarian energy company MOL was pulling out.
After delivering a speech on economic policy hosted by European Policy Center, a research group in Brussels, Mr. Orban said in response to a question on Nabucco that it was “in trouble,” adding that “even the Hungarian company MOL is leaving the whole project.”