Romania to guarantee Transgaz’s EUR417M contribution to Nabucco

Romanian gas pipeline operator Transgaz Medias’s (TGN.RO) contribution to the Nabucco project, amounting to EUR417 million, will be guaranteed by the state, according to a draft executive decision approved Wednesday. Romania's government approved a draft law ratifying the agreement signed in July between Romania, Austria, Hungary, Turkey and Bulgaria regarding the construction of the Nabucco pipeline.The draft law was sent to parliament for urgency debates, caretaker Premier Emil Boc said. ...

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