BAKU, Azerbaijan, March 3
By Leman Zeynalova – Trend:
Hungary is in talks with Azerbaijan for gas imports, said Hungary’s foreign minister Peter Szijjarto, Trend reports.
“Hungary is currently holding negotiations with Azerbaijan that Hungary will be able to acquire another source of natural gas by increasing the production of Shah Deniz gas field,” Hungarian media quoted him as saying.
“It’s time for Azerbaijani gas to appear on the Hungarian market,” noted Szijjarto.
Azerbaijan began gas supplies to Europe via the Southern Gas Corridor on December 31, 2020.
As the European section of the Southern Gas Corridor, TAP has the capacity to transport approximately 10 billion cubic meters of gas per annum (bcm/a) to several markets in Europe. The pipeline is also designed with the potential to expand its throughput capacity up to 20 bcm/a.
As a key part of the Southern Gas Corridor, TAP is strategically and economically important to Europe and essential in providing reliable access to a new source of natural gas. TAP plays a significant role in boosting Europe’s energy security, supply diversification, as well as decarbonisation objectives.
TAP’s shareholding is comprised of bp (20 percent), SOCAR (20 percent), Snam (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).
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