South Stream Hungarian pipeline approval a ‘long-term benefit’

Written by on November 13, 2012 in Business, Europe, News - No comments

Following the final investment decision being approved for the South Stream gas pipeline from Russia, deputy chairman of the Gazprom Management Committee Alexander Medvedev and CEO of Hungarian state-owned power supplier MVM Csaba Baji have signed a new shareholders agreement in Budapest.

The decision involves building the 229-kilometre Hungarian section of the pipeline. Baji announced that South Stream has been granted the status of a national significance project in Hungary.

For the full story, please visit The Budapest Times

(Photo of Csaba Baji and Alexander Medvedev: Gazprom)

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