Tuesday, July 23, 2024
HomeOil & GasHungary counts on Turkey to diversify gas supply
Powered by

Hungary counts on Turkey to diversify gas supply

In addition to Russian gas, Azeri and Turkish gas may also arrive in Hungary via the Turkish Stream in the future, informed the Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó during his visit to Turkey.

“Turkey is a reliable and predictable transit partner of Hungary,” he stated adding that today the Turkish Stream pipeline is the only reliable east-west energy transport infrastructure in the whole of Europe.

The Minister confirmed that Hungary continues to count on Turkey, as in the future it may buy gas also from Azerbaijan which could be delivered through the Turkish Stream to Europe. He noted that Hungary also counts on Turkish natural gas and there are ongoing negotiations with Turkish energy company Botas regarding this step, the Minister pointed out.

The Minister also highlighted the importance of nuclear energy when it comes to energy cooperation, given that Hungary and Turkey are building nuclear plants that use the same Russian technology. The reactor blocks being built in Turkey are expected to come online sooner, and will provide useful information to Hungary, he said.

Sign up for our newsletters

    Monthly newsletter – Delivering the most important energy stories of the month selected by our Editor-in-chief
    Weekly Oil&Gas roundup - All major news about the oil and gas industry, LNG developments, the upscaling of new gases and related EU regulations arriving in your mailbox every Monday.
    Weekly Renewables&Climate roundup - All major news about investments in renewable energy sources, environment protection, green hydrogen and new innovative ways to tackle the climate crisis arriving in your mailbox every Tuesday.

    Most Popular