Hungary talks on measures to diversify gas supply routes

Oil&Gas Materials 28 October 2021 12:44 (UTC +04:00)
Hungary talks on measures to diversify gas supply routes

BAKU, Azerbaijan, Oct.28

By Leman Zeynalova – Trend:

Hungary has developed gas interconnectors with six of its neighbours, Hungarian embassy in Azerbaijan said in response to Trend’s question about the gas supply security in the country.

“For years, our consistent energy policy and diplomacy has been to diversify routes and sources of gas supply, and to establish gas interconnections with our neighbours. We have done our "homework" on the latter: we have developed gas interconnectors with six of our neighbours. We have also made significant progress in source diversification with the contract of LNG purchase from the Croatian LNG terminal,” the embassy said in a statement.

With a long-term contract with Shell for six years, 10 percent of Hungary's gas needs will be covered by LNG from the Krk LNG terminal until 2027.

“On the 27th September, 2021 Hungary signed an agreement with Gazprom to ensure supply once the previous agreement expired. The 15-year agreement, in which Hungary pledged to buy 4.5 billion cubic meters of gas each year for at least the next ten years, will ensure the country’s supply for 15 years. At 1 October 2021 a new delivery point to Hungary opened on 1 October 2021 linking the gas networks of Serbia and Hungary. The new interconnector will transport up to 8.5 billion cubic meters of gas to Hungary annually, with 32 percent of the first year’s supply already contracted. At present, other alternative sources in the region are either not yet available or the supply route is not yet open.”


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