MOL May Leave Nabucco Project

People ♦ Published: April 24, 2012; 15:06 ♦ (Vindobona)

Hungarian Prime Minister Viktor Orban said that MOL the country’s largest company by market capitalization, is leaving the € 7.9bn ($ 10.4bn) Nabucco natural gas pipeline project.

MOL May Leave Nabucco Project / Picture: ©

The natural gas pipeline project faces again severe troubles. “I’m not an expert on the details, but what I have seen is that even the Hungarian company, MOL, is leaving the whole project,” Orban told reporters in Brussels today, adding that “Nabucco is in trouble.”

Nabucco, a joint venture of Mol, Germany’s RWE, Vienna- based OMV, Bulgargaz EAD, Romania’s Transgaz…