Hungary Has Serious Doubts On Iran's Nabucco Role -Official

Hungary is reluctant to see Iran as a potential supplier for the planned Nabucco natural gas pipeline as long as Iranian political and economic reliability remains an issue, an Economics Ministry official said Wednesday.
Dow Jones Newswires
Τετ, 21 Νοεμβρίου 2007 - 03:49
Hungary is reluctant to see Iran as a potential supplier for the planned Nabucco natural gas pipeline as long as Iranian political and economic reliability remains an issue, an Economics Ministry official said Wednesday.

"We'd only like to sign contracts with politically and economically reliable partners; if Iran reaches this status it can become a partner but right now we have serious doubts," Abel Garamhegyi, state secretary at the ministry told a press conference.

Hungarian oil and gas company MOL Nyrt. is one of the five oil companies that make up the corporate side of the Nabucco project.

Iran's participation in the project is also questionable from an economic point of view as Iran would need to build an extensive pipeline system to be able to supply Nabucco, Balazs Felsmann, state secretary in charge of energy issues at the ministry added.

Hungarian Economics Minister Janos Koka, together with MOL President and Chief Executive Zsolt Hernadi left for a tour of Turkey, Azerbaijan and Turkmenistan to assess supply possibilities for Nabucco, Garamhegyi said.

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