Slovakian Economy Minister Peter Ziga and Hungarian Foreign Affairs and Trade Minister Peter Szijjarto signed a MoU concerning the Eastring gas pipeline project on October 30, 2017.
«It’s very important for Slovakia and Hungary to have secure supplies of energy resources and raw materials, while gas is among the most expensive,» said Peter Ziga.
«That’s why the diversification of routes and resources, which Slovakia and Hungary need, is based on creating other possible routes apart from those that lead from Russia via the Ukraine, for example, to Slovakia or Hungary.»
Ziga added that the inking of the memorandum means political support for the project at the highest level.
«Hungary and Slovakia have great scope for providing energy security to central Europe,» said Szijjarto.
«We have around 7 billion cubic metres of gas storage capacity. We have a very well-built pipeline system. All this allows us to distribute gas flowing into our country from the south to the west, north or any other direction.»
Eastring will link the gas transmission systems of Slovakia, Hungary, Romania and Bulgaria, establishing a bi-directional connection between West European hubs and gas reserves in the Caspian region and the Middle East.
Eastring will have an annual capacity of 30-40 bln cubic meters of gas, Peter Ziga said.
