May 22, 2012

Budapest "Nabucco Summit" to turn pipedream into reality

With U.S. and EU participation, a vital meeting in the Hungarian capital next January will seal commitments for the long-contemplated Turkey-Bulgaria-Romania-Hungary-Austria (Nabucco) gas pipeline. Opposition from Russia’s mighty Gazprom, uncertainty surrounding relations with Iran, and the roiling world economic turmoil cast doubt on the project’s future.

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