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

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)