USD 63.8487

0

EUR 70.5975

0

BRENT 64.28

-0.35

AI-92 42.31

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AI-95 45.95

-0.04

AI-98 51.59

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Diesel 45.97

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65

Hungary interested in Southern Gas Corridor’s reaching Central Europe

Hungary interested in Southern Gas Corridor’s reaching Central Europe Hungary interested in Southern Gas Corridor’s reaching Central Europe


Budapest, May - Neftegaz.RU.
Hungary is interested in gas supplies from Azerbaijan to southeastern Europe via the Southern Gas Corridor so that it also reaches Central Europe, said Peter Szijjarto, Hungarian Minister of Foreign Affairs and Trade.

He made the remarks during the meeting attended by the foreign ministers of the Visegrad Group, the Eastern Partnership countries and Romania, which holds the EU’s rotating presidency.

“We’re considering multiple scenarios regarding the diversification of gas supplies to Hungary, but unfortunately one solution is taking even longer than the other. Therefore, it is important to keep [the option of importing] Azerbaijani gas among possible scenarios,” Szijjarto said. He urged the EU to provide full support for the development of the Southern Gas Corridor.

Hungary regards Azerbaijan as a key partner in ensuring Europe’s energy security. Recently, it was proposed to establish a relevant working group within the Intergovernmental Commission for the development of energy cooperation between Azerbaijan and Hungary.

Southern Gas Corridor project (SGC), which envisages transportation of 10 billion cu m of natural gas from the Caspian region to Europe, is important for Hungary in terms of diversification of energy sources.

Hungary also joined AGRI (Azerbaijan-Georgia-Romania Interconnector) which would help diversify energy supply in the country. AGRI project envisages transportation of Azerbaijani gas to the Black Sea coast of Georgia via gas pipelines. Azerbaijani gas delivered to Georgia's Black Sea coast will be liquefied at a special terminal and subsequently it will be delivered in tankers to a terminal at the Romanian port of Constanta.

 AGRI may be considered as additional supply route for the BRUA interconnector (which is expected to connect the natural gas transmission systems between Bulgaria, Romania, Hungary and Austria), which is currently under execution. Hungary and other countries, engaged in the BRUA project may take over some of the gas volumes that could be available through the Southern Gas Corridor's infrastructure.