Bloomberg: Hungarian Premier Orban Says Mol Leaving Nabucco Gas Project

Hungarian Prime Minister Viktor Orban said that Mol Nyrt. (MOL), the country’s largest company by market capitalization, is leaving the 7.9 billion-euro ($10.4 billion) Nabucco natural gas pipeline project to ship Caspian fuel to Europe.

“I’m not an expert on the details, but what I have seen is that even the Hungarian company, Mol, is leaving the whole project,” Orban told reporters in Brussels today, adding that “Nabucco is in trouble.”   MORE