BUDAPEST Jan 17 Polish gas company PGNiG
PGNI.WA plans to join the Nabucco pipeline project, Hungary's
government, the host of a conference on the project said in a
statement on Tuesday.
The government quoted Polish Prime Minister Donald Tusk as
saying in a letter to his Hungarian counterpart, Ferenc
Gyurcsany, that Poland supported the Nabucco project which could
help diversify Europe's gas supply.
"Donald Tusk ensured the Hungarian prime minister that
Poland backs the project and indicated that PGNiG, the country's
biggest gas producer and importer, plans to join the Nabucco
project," the statement said.
It did not specify how the Polish company would take part in
The overall cost of Nabucco project is seen at 7.9 billion
euros ($10.43 billion).
It is due to span 3,300 km (2,051 miles) and meet 5 percent
of Europe's gas needs. Nabucco will bring 31 billion cubic
metres of Caspian or Middle Eastern gas annually from Turkey to
an Austrian gas hub via Bulgaria, Romania and Hungary.
Consortium members, who include Austria's OMV (OMVV.VI), MOL
(MOLB.BU) of Hungary, Romania's Transgaz, Bulgargaz, Turkey's
Botas and RWE (RWEG.DE) of Germany have said the European Union
should provide either prefinancing or guarantees to convince
commercial banks and suppliers the project is viable.
(Reporting by Sandor Peto; Editing by Sharon Lindores)