Gazprom buys chunk of EU gas hub

Gazprom has bought a stake in one of Europe's largest gas distribution centres – the Central European Gas Hub. The centre is the proposed terminus for the EU-backed Nabucco gas pipeline.

Gazprom's Deputy Chairman, Aleksandr Medvedev, signed the agreement with Austrian energy group OMV in Vienna on Friday.

RT has been in Vienna, and asked Medvedev whether Gazprom has plans to join the Nabucco project.

“Maybe for Nabucco it has sense, but we still don’t see any logic for us, but we will continue the discussion,” he said.