Gazprom-Mol feasibility study on extending pipeline to be completed by year-end

Int’l Relations

A consortium of Russia's OAO Gazprom and Hungarian oil and gas company Mol Nyrt is to prepare a feasibility study for the Blue Stream-2 gas pipeline by the end of this year, Gazprom CEO Alexei Miller told Russian President Putin at a meeting in the Black Sea resort of Sochi late on Thursday, MTI's correspondent reported from Moscow on Friday. Gazprom intends to extend Blue Stream, which connects Russia with Turkey under the Black Sea, via Greece towards the southern part of Italy as well as in the direction of Bulgaria, Romania, Hungary and Austria, Miller told the president, according to a television report. The pipeline could also be extended across the Anatolian Peninsula to Israel, Miller said. In June, Mol signed an agreement with Gazprom on extending the Blue Stream pipeline from Turkey to Europe and on assessing the possibility of building a 10 billion-cubic-metre capacity gas reserve in Hungary. Putin, who is to meet Hungarian Prime Minister Ferenc Gyurcsány in his residence, in Sochi on Monday, told a meeting with Russian affairs experts and heads of think tanks on the last weekend: "We have big plans with Hungary on the construction of a gas pipeline which could later involve deliveries as far as Italy passing through Greece," according to report of the meeting published on the website of the Kremlin. Putin also said Russia "was unafraid of alternative plans for pipelines, such as the Nabucco." (Mti-Eco)

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
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.