At a joint press conference with Russian Foreign Minister Sergey Lavrov in Moscow Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said that Hungary will take delivery of a further 2.2 billion cubic meters of gas from Russian Gazprom this year, meaning the country’s full supply needs are met. The two sides have already agreed on the delivery of 1.5 billion cubic meters of gas for next year, but, according to Minister Szijjarto, talks are starting on increasing that volume to 4.2 billion cubic meters.
Hungary is interested in taking delivery of Russian gas through the TurkStream pipeline, running under the Black Sea, from the end of next year, if possible. As an initial step to achieve this, Hungary is building a 15 kilometers stretch of gas pipeline from the Serbian border connecting to the national gas transmission system, eventually allowing the delivery of 6 billion cubic meters of gas.
Wednesday, February 11
Trending
- Cross-border power flows under stress: How January exposed capacity limits, congestion and price fragmentation in South-East Europe
- Winners and losers from January electricity market trends in South-East Europe
- South-East Europe electricity markets: January price dynamics and structural drivers
- Oil and gas under winter pressure: How January energy markets repriced risk in South-East Europe
- January stress test: What South-East Europe’s power prices reveal about wind, solar and system value
- Slovenia: TEB gas plant sets record output amid harsh winter conditions
- Serbia leads regional efforts to join EU single electricity market
- Serbia to extend Russian gas supply deal amid strong domestic reserves





