Azerbaijan and EU strengthen...

Azerbaijan and the European Union have expressed their readiness to strengthen cooperation in...

Ukraine receives second U.S....

Ukraine has received its second shipment of liquefied natural gas from the United...

Romania: EIB invests 30...

The European Investment Bank (EIB) is allocating up to 30 million euros to...

Montenegro: EPCG announces tender...

Montenegrin state-owned power utility EPCG has launched a tender for the procurement of...
Supported byClarion Energy banner
HomeSEE Energy NewsHungary: EU to...

Hungary: EU to support expansion of SEE infrastructure to receive more Azeri gas

At a joint press conference with his Azeri counterpart Jeyhun Bayramov, Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó welcomed that physical flow of natural gas between Azerbaijan and Hungary has started this year and called on the European Union to support the expansion of the Southeast European gas infrastructure to receive more volumes.

He highlighted that Azerbaijan could be a realistic alternative for the diversification of energy supplies not only for Hungary, but also for Europe. “After many years of negotiations, the physical flow of natural gas between Azerbaijan and Hungary has started this year,” announced the Minister recalling that an agreement had been reached between the two countries on the purchase of 100 million cubic metres (mcm) of natural gas and the storage of 50 mcm on a lease basis. Azeri state oil company, SOCAR has already started pumping the first 50 mcm of gas into Hungarian storage facilities.

The Hungarian minister added that the government would like to further increase this volume to about one billion cubic meters per year but currently, this is not possible, as the gas infrastructure in Southeastern Europe does not have sufficient capacity to meet the diversification needs of the countries in Central Europe.

He affirmed that countries in the region would welcome Azeri, Turkish and Qatari resources to the region, but this will remain a dream unless the EU is willing to support the development of the infrastructure.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Azerbaijan and EU strengthen energy cooperation through gas and renewables expansion

Azerbaijan and the European Union have expressed their readiness to strengthen cooperation in the supply of natural gas and renewable energy, according to a statement from Azerbaijan’s Ministry of Energy. The first meeting of the working group established between Slovakia...

Ukraine receives second U.S. LNG shipment amid efforts to reduce Russian energy dependence

Ukraine has received its second shipment of liquefied natural gas from the United States, reinforcing its commitment to reducing reliance on Russian fossil fuels. According to the Financial Times, the shipment was procured by DTEK, Ukraine’s largest private energy...

Romania: EIB invests 30 million euros in Pestera II wind farm to boost renewable energy and energy security

The European Investment Bank (EIB) is allocating up to 30 million euros to support a major wind energy project in Romania, reinforcing the country’s transition to renewable energy and bolstering its energy independence. This investment will help develop a...
Supported bySEE Mining News
error: Content is protected !!