Gas Contract With Russia Expanded

Economy

Hungarian Foreign Minister Peter Szijjártó told MTI that Hungary and Russia have agreed to extend a long-term gas supply contract set to expire in October this year.

Szijjártó said he had signed a political agreement to extend the 26-year supply deal with Deputy Prime Minister Alexander Novak. The details of the deal concerning volume and pricing will have to be agreed between Gazprom and the Hungarian companies involved, he added. Also, Hungary will carry on with the construction of a 15km gas pipeline linking the Hungary-Serbia border to Hungary’s gas pipeline network, he said. From October, the pipeline will be capable of delivering 6 billion cubic metres of gas to Hungary from the south, the minister added. This, he said, could give Hungary a chance to diversify its energy supplies, noting that the new pipeline will be linked to the Trans Adriatic Pipeline that will bring gas from Azerbaijan to Europe.

“It’s important for us to have stable cooperation with the Russians when it comes to gas supply, because, although we’ve booked regasification capacities at the Krk LNG terminal in Croatia, because of how the infrastructure is and because of the situation in the region, Russia remains a key player on the regional energy market,” Szijjártó said. “So it’s good news that we’ve signed the political agreement under which Russia will continue supplying gas to Hungary beyond October.”

 

hungarymatters.hu

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