Another Setback for Nabucco

BusinessCommodities ♦ Published: May 16, 2012; 19:42 ♦ (Vindobona)

The German RWE considers leaving the natural gas pipeline consortium. Also the Hungarian MOL will exit.

Another Setback for Nabucco / Picture: ©

The rumors do not break up. The German RWE may leave the pipeline project, in which the Austrian OMV is highly engaged. “We are examining the project in order to see whether our strategic and commercial aims may be reached also under the changed conditions.” According to the German magazine “Spiegel”, RWE´s managers are preparing the withdrawal.

RWE concerns about the…