Nabucco can Only be Realized through Iranїs Participation: Head of Hungarian Mol

Oil&Gas Materials 24 September 2008 10:33 (UTC +04:00)

Azerbaijan, Baku, 23 September/ Trend / Nabucco gas pipeline project can be realized only in case Iran joins it, Solt Hernande, head of Mol, Hungarian oil and gas company said.

їNabucco can only be realized by Iranїs participation,ї ISNA news agency quoted Hernande as saying.

Nabucco project envisages transportation of 30bln cu meter of gas a year from the Caspian to the European markets. EU supports this project.

Hernande said Nabucco will certainly be realized if Iranian gas joins it.

Earlier oil minister of Iran threatened Austrian Mol and said that Iran will not wait for the realization of Nabucco for їwhole lifeї. Minister said if agreement is not signed with Iran on Nabucco project, Iran will have to appeal other gas exporting companies.