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Hungary talks on possibly joining Turkish Stream

Oil&Gas Materials 3 February 2017 12:54 (UTC +04:00)

Baku, Azerbaijan, Feb.3

By Leman Zeynalova – Trend:

Hungary is interested in receiving Russian gas via the Turkish Stream pipeline, said the country’s Prime Minister Viktor Orban.

The prime minister said his country is also interested in receiving gas from the north if it doesn’t get gas from other sources, Russian media reported.

Earlier, Russian presidential aide Yury Ushakov said that Hungary can join the Nord Stream and Turkish Stream gas pipeline projects in the future.

Ushakov pointed out that Russia accounts for over 75 percent of oil and 60 percent of gas consumption in Hungary.

Russia and Turkey signed an intergovernmental agreement October 10 on the implementation of the Turkish Stream project.

The agreement involves construction of two branches of the main gas pipeline under the Black Sea, the power of each branch being 15.75 billion cubic meters of gas.

One branch is provided to supply gas directly to the Turkish market, the other for the supply of gas by transit through Turkey to Europe. The intergovernmental agreement also stipulates that these two offshore branches should be built by December 2019.

Nord Stream is an export gas pipeline running from Russia to Europe across the Baltic Sea. As it bypasses transit countries, Nord Stream provides Gazprom with direct access to European consumers.

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Follow the author on Twitter: @Lyaman_Zeyn

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