New Natural Gas Transport Route to Hungary

Significant improvement to the country's energy security

MH – 2017.07.06. 10:44 –

Foreign Minister Péter Szijjártó signed an agreement with the CEO of Gazprom in Moscow.

“The new natural gas transport route to Hungary could be established by the end of 2019”, Minister of Foreign Affairs and Trade Péter Szijjártó said in a statement to Hungarian news agency MTI from Moscow after concluding an agreement with the CEO of Gazprom on Hungarian development projects relating to the new pipeline, Kormány.hu reported.

The most realistic scenario for connecting to the Southern Gas Corridor is cooperation with Russia’s state energy company, which has begun construction of the Turkish Stream gas pipeline, in view of the fact that Romania has still not enabled the two-way flow of gas and the Croatian liquid natural gas (LNG) terminal is not yet under construction, meaning the issue of energy security is still a major challenge for Central Europe, Szijjártó told the press. “This will significantly improve Hungary’s energy security, meaning it is in our national security interests for the new pipeline to be realised.", he added.