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Hungarian Prime Minister: â€œSupplies of exclusively Azerbaijani gas for the future Nabucco pipeline will not be enough for productivity of the projectâ€

23 January 2009 16:06 (UTC +04:00)

Baku. Victoria Dementieva-APA. â€œArranging pre-financing for the Nabucco project will be one of the main aims of a conference on the gas pipeline to take place in Budapest next week, Prime Minister Ferenc GyurcsÃ¡ny said, APA reports.
â€œFor those of us who consider it more important to build the Nabucco pipeline, we must do more to ensure its realization,â€ Mr GyurcsÃ¡ny said.
GyurcsÃ¡ny said that the project was not simply a business venture but about the whole of Europeâ€™s energy security.
The thorniest issue concerns who will supply the gas, the prime minister said. Azerbaijan has not yet given a definite yes, while Iran, which has the most significant reserves, is in a delicate position for regional and geopolitical reasons. Turkmenistan has reservations about the delivery route.
â€œSupplies of exclusively Azerbaijani gas for the future Nabucco pipeline does not appear to be a solution which offers a hundred-percent guarantee; there is a need for further partner countries from the region,â€ he said.