Budapest - Financing for a proposed European gas pipeline that skirts Russia may be delayed by the global credit crunch, a Hungarian official was quoted Tuesday as saying.
But Mihaly Bayer, Hungary's special envoy for the Nabucco pipeline, insisted that governments could still be able to sign an agreement this year to launch the project, the MTI news agency reported.
The 3,300-kilometre line is slated to run Caspian gas via Georgia, Turkey, Bulgaria, Romania and Hungary to an Austrian distribution hub. Gas is to start flowing in 2013.