Hungary stretch of Nabucco pipeline awarded environmental permits
All necessary environmental permits have been awarded for the construction of a 384km stretch of the planned Nabucco gas pipeline that is to pass through Hungary, the Nabucco Consortium said on Tuesday.
The stretch of the pipeline was the first in any country to be awarded all of the necessary environmental permits.
The Nabucco is to deliver gas from Central Asia to Europe, reducing the region's dependency on Russian energy. The pipeline is to run from the Turkish border through Bulgaria, Romania, Hungary and Austria.
Hungarian oil and gas company MOL, a member of the Nabucco Consortium, said earlier that the original plan for the pipeline was unviable, but conceded that a scaled-down version of the project could work.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.