Nabucco’s cost not to rise a lot

Nabucco gas pipeline project's cost "won't be far away" from the current 7.9 billion-euro price tag, Bloomberg reported referring to Nabucco Gas Pipeline International GmbH Managing Director Reinhard Mitschek. He couldn't say when a new cost figure would be announced.

This week Hungary's Minister for National Development Tamás Fellegi said that Nabucco project was in doubt because it had not yet secured a supply of gas or customers and because of increase in its cost, added that it could rise to 24-26 billion euro.

The EU's energy commissioner Guenther Oettinger said early in October that the project will cost 10 to 14 billion euros.


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