le=”text-align: justify; “>Hungarian Prime Minister Viktor Orban said that Mol Nyrt. (MOL), the country’s largest company is leaving Nabucco natural gas pipeline project to ship Caspian fuel to Europe, Bloomberg reports.
“I’m not an expert on the details, but what I have seen is that even the Hungarian company, Mol, is leaving the whole project,” Orban told reporters in Brussels April 23, adding that “Nabucco is in trouble.” There are “many uncertainties around the Nabucco project that would be hard to ignore,” Mol said in an e-mail, without confirming or denying that it had abandoned the project.
The link, which is intended to bring as much as 31 billion cubic meters of natural gas a year from the Caspian region to Austria starting in 2017, has repeatedly postponed its start date after struggling to secure fuel sources.
Armenian News
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