Dow Jones: Hungary's MOL Continues to Withhold Funding for Nabucco

Hungarian energy group MOL Nyrt. is still withholding financing from the Nabucco natural gas pipeline venture and is ready to see its share in the implementation consortium reduced, the company said Thursday.

MOL, represented in the Nabucco venture through its natural gas distribution arm FGSZ Zrt., said this year that it would no longer fund the Nabucco initiative unless the concept is reconsidered and a supply of natural gas is secured to pump into the pipeline once it is built.  MORE