MOL: Many Uncertainties Around Nabucco Pipeline Project
April 24 2012 - 6:46AM
Dow Jones News
There are many uncertainties around the Nabucco natural gas
pipeline project, Hungary's oil and gas company MOL Nyrt (MOL.BU)
said Tuesday, in remarks that show the firm is reconsidering its
participation in the project.
"There are many uncertainties around the Nabucco project that
would be hard to ignore. Both the financing background and the gas
source are uncertain," the company said in a statement. "We are
still committed to the diversification of the [central and eastern
Europe] energy supply, though as a private independent company we
owe our shareholders the highest possible economic justification as
well," it added.
MOL is now the second major shareholder to reconsider its role
in the Nabucco consortium; Germany's RWE AG (RWE.XE) Chief
Executive said earlier this year that it could scrap its plans for
Nabucco, a controversial pipeline plan which aims to transport
natural gas from the Caspian region to central Europe via
Turkey.
-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88;
alessandro.torello@dowjones.com
Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
Historical Stock Chart
From Sep 2024 to Oct 2024
Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Mol Magyar Olay Es Gazipari Rt (PK) (OTCMarkets): 0 recent articles
More MOL Nyrt. ADS News Articles