Hungary to Get Russian Gas Largely Through Serbia
Szijjarto said the agreement with Gazprom is for 15 years, with an option to modify purchased quantities after 10 years, Reuters reports.
– We have also agreed on the price, which is much more favorable than that we paid under the deal that Hungary signed in 1995, which expires now – he said, without giving exact details.
He added the deal would be signed by the end of September and Gazprom would ship 4.5 billion cubic meters of natural gas to Hungary annually, via two routes – 3.5 billion cubic meters via Serbia and 1 billion cubic meters via Austria.
Szijjarto said most of the shipments under the new contract will arrive via a new interconnector at the country’s Serbian border that will be operational by October.
Gazprom said it had met the Hungarian foreign minister but did not give any details.
Hungary has relied on Russia for most of its natural gas imports delivered via a pipeline through Ukraine. However, in recent years it has diversified gas imports, opening cross-border interconnectors with most of its neighbors and securing supplies from Royal Dutch Shell, via a liquefied natural gas (LNG) port in Croatia.
Naš izbor
Most Important News
07.05.2024. | IT, Telecommunications
Biggest Angular conference in the region – NG Belgrade Conf 2024
06.05.2024. | Healthcare
Medical doctors and engineers from Nis design instrument which accelerates and improves efficiency of operating procedures – Negotiating with foreign companies about production
06.05.2024. | Healthcare
06.05.2024. | Construction, Tourism, Sports, Culture, Healthcare
Sijarinska Banja should soon get a new look – Project documentation for reconstruction of rehabilitation center complex being prepared
06.05.2024. | Construction, Tourism, Sports, Culture, Healthcare
08.05.2024. | Industry, Transport
Serbia to buy nine electric trains for future BG Voz line to airport, Expo Center and National Stadium from Chinese company CRRC
08.05.2024. | Industry, Transport
07.05.2024. | Industry, Construction
New Palfinger factory in Nis to start working in June
07.05.2024. | Industry, Construction
08.05.2024. | Energy, Construction
Japanese JICA now formally part of RHPP Bistrica project – Preparatory works announced for next year
08.05.2024. | Energy, Construction