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South Stream Pipeline: Gazprom Concludes Contract with Hungary

Published: November 2, 2012; 18:50 · (Vindobona)

The Russian energy group Gazprom has negotiated the last conditions of the contract with Serbia and Hungary.

South Stream Pipeline: Gazprom Concludes Contract with Hungary / Picture: © Flickr

The project contracts with Serbia and Hungary are finalized. In order to improve its strategic energy supply, Hungary will support the Russian pipeline project. According to political scientist, this is a further step for Hungary towards the East. Although Hungary still participates in the Nabucco consortium, the government in Budapest decided not to finance the project…

This article includes a total of 141 words.

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