BAKU, Azerbaijan, October 28. Hungary is definitely interested in including Azerbaijani gas in our future energy mix, Ambassador Extraordinary and Plenipotentiary of Hungary Tamás Torma said October 28 in an exclusive interview with Trend.
“Our political leaders have reiterated this intention at various forums, for the last time in June this year, when Péter Szijjártó, Minister of Foreign Affairs and Trade participated at the Baku Energy Week.
Negotiations regarding our possible gas purchase through the Southern Gas Corridor have already started between SOCAR and Hungarian energy companies MOL and MVM. However, for this to happen, further investments are needed in infrastructure, supply and transport capacities and concrete commitments will have to be made on the demand side, not just by Hungary,” said the ambassador.
Azerbaijan’s gas exports to Europe began on December 31, 2020 with the commissioning of the Southern Gas Corridor comprising of the South Caucasus Pipeline Expansion, the Trans Anatolian Natural Gas Pipeline (TANAP) and the Trans Adriatic Pipeline (TAP).
Azerbaijan increased natural gas exports by 10.9 percent from January through September 2022 as compared to the same period in 2021, with total volume of exports rising from 14.927 billion cubic meters (bcm) to 16.553 bcm.
Natural gas accounted for 41 percent of Azerbaijan’s total exports from January through September 2022, versus 20.17 percent in the same period in 2021.
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