Hungary PM talks Nabucco on Turkmenistan visit
Hungarian Prime Minister Ferenc Gyurcsány discussed the Nabucco gas pipeline with the Turkmen authorities this week during a visit to the Central Asian state, a source close to the talks said on Thursday.
The European Union sees Nabucco as a way to ease its energy dependence on Russia and is keen to secure supply commitments from the gas-rich Caspian states such as Turkmenistan and Azerbaijan. Hungary’s Gyurcsány has visited both countries this week to discuss the project, which is supported by the United States but criticized by Russia as unfeasible.
He met with Turkmen President Kurbanguly Berdymukhamedov on Wednesday. “The issue of Europe’s energy security and ... Hungary’s interest in purchasing Turkmen gas was discussed during the talks,” the Turkmen government source, who spoke on condition of anonymity, told Reuters. Russia’s Gazprom buys about 50 billion cubic meters of Turkmen gas a year -- the bulk of the country’s output. But Turkmenistan, which plans to boost output in the future, is considering alternative export routes for additional volumes. (Reuters)
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.