Concerns that the Russian-backed South Stream natural gas pipeline will bypass Hungary are unfounded, business daily Napi Gazdasag reports Friday citing a the Devlopment Ministry.
Concerns that the Russian-backed South Stream natural gas pipeline will
bypass
Hungary
are
unfounded, business daily Napi Gazdasag reports Friday citing a the Devlopment
Ministry.
The ministry responded to a Croatian report earlier in the week about Russian
energy major OAO Gazprom (GAZP.RS) negotiating an alternate route for the
pipeline, one that doesn't pass through
Hungary
.
It has been extensively reported that administrative issues in
Hungary
are
perceived as a potential threat to the implementation of the investment, meant
to deliver Russian natural gas to central
Europe
. Gazprom
and the Hungarian government both dismissed the concerns.
Gazprom said after the publication of the Croatian report that it is indeed in
talks with Croatian peer Plinacro d.o.o. on participation in South Stream. It
didn't say how such an agreement would affect
Hungary
's
role in the venture.
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