No Indication Hungary's MOL Leaving Nabucco - EU, Consortium
April 24 2012 - 7:25AM
Dow Jones News
There is no indication that Hungarian energy company MOL Nyrt
(MOL.BU) is leaving the Nabucco consortium, which is planning to
build a pipeline to carry Caspian natural gas to the European
Union, the EU's executive body and a spokesman for Nabucco said
Tuesday.
"The Nabucco Pipeline project is based on a treaty that was
signed and ratified by the transit countries, including Hungary,"
said Nabucco spokesman Christian Dolezal, in a statement. "The
Nabucco shareholder in Hungary is FGSZ, a MOL subsidiary, and we
have not had any indication that this will change," he said.
Dolezal was responding to press reports quoting Hungary's Prime
Minister Viktor Orban saying that MOL would be leaving the Nabucco
project.
His comments were echoed by Marlene Holzner, spokeswoman for
European Energy Commissioner Guenther Oettinger, who said the EU's
executive body--which has been strongly supporting Nabucco--has had
"no indication" of any change.
-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88;
alessandro.torello@dowjones.com
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