Hungary Pledges 'Active Support' for Nabucco
by Xinhua News Agency
February 29, 2008
Three members of Hungary's
government confirmed on Friday Hungary's commitment to the European Union's
common energy policy and the construction of the Nabucco gas pipeline in
Budapest, according to MTI News Agency.
Ministers Kinga Goncz of foreign affairs, Csaba Kakosy of economy and Janos
Veres of finance met reporters after informing the EU and NATO member states'
ambassadors about Hungary's energy policy.
Both Kakosy and Goncz emphasized that Hungary would provide "active support"
Goncz said the Foreign Ministry would set up a post of roving ambassador who
will act as a liaison to the countries involved in Nabucco, and promote the
implementation of the project.
According to the Economy Ministry, Csaba Kakosy met Thursday Jozias van Aartsen,
the EU coordinator for the Nabucco pipeline project in Brussels and reassured
him of Hungary's strong commitment to the project.
Kakosy stressed that the Hungarian-Russian agreement signed in Moscow Thursday
on the South Stream project, an alternative pipeline which will bring Russian
gas to Hungary through the Balkans, would in no way obstruct the implementation
of the EU- backed Nabucco project, destined to supply gas from central Asia.
Kakosy said Hungary had already moved to foster international cooperation on the
Nabucco pipeline, and added that Hungary had prepared a draft of an
inter-government agreement on the project which it had distributed to the
ambassadors of the other Nabucco countries. Hungary will do everything it can to
push forward to the signing of the Nabucco agreement, which would significantly
accelerate the project, Kakosy told Aartsen.
As part of the South Stream project, it is expected that an underground storage
facility with a capacity to hold 1 billion cubic meters of gas will be built on
Hungary's soil. The pipeline' s Hungarian extension will have a capacity of at
least 10 billion cubic meters of gas.
The South Stream project, which is projected to cost 15 billion dollars, will
consist of two branches diverging from Bulgaria: one to run south through Greece
and Italy while the other is expected to run further north, including through
Serbia and Hungary.
Copyright 2008 XINHUA NEWS AGENCY.
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