Zsolt Hernádi, president-CEO of MOL negotiated with Alexandr Medvedev, deputy-CEO of Gazprom about international gas pipeline projects at the economy forum in St Petersburg, political daily Magyar Hírlap reports. Besides the cooperation in the plans aimed at pipelines traversing international borders, they also discussed how to spur the activities that aim to create an underground strategic gas storage facility in Hungary. Our view: The news can boost speculation on the market that other topics, namely a potential share-swap (MOL own shares for a Gazprom stake in an upstream company) was also on the agenda. This help the share today, in our view.