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Jun 04, 2019

FM: Hungary will need new solutions and transport routes to handle uncertainties in energy supplies

Péter Szijjártó, Minister of Foreign Affairs and Trade, said that Hungary is prepared for the upcoming challenges facing its energy supply.

The Foreign Minister has highlighted that Hungary will need new solutions and transport routes to handle uncertainties in energy supplies expected from next year.

During his speech at an energy security forum in Belgrade on Monday, Péter Szijjártó, Minister of Foreign Affairs and Trade, said that Hungary is prepared for the upcoming challenges facing its energy supply.

Minister Szijjártó said gas supplies were crucial for central Europe, yet in recent years “there have been few developments that gave us reason to be glad”. “Next year will be a watershed in this regard,” he added.

According to MTI, the Minister added that uncertainties may arise from next year that will influence the whole region, he said. It is uncertain if central Europe can receive Russian gas through Ukraine from 2020.

“Hungary is prepared for the challenge,” he said citing an agreement signed with Russia which will secure gas supplies in 2020. However, in the years to follow, Hungary’s capability to import gas “from new sources and through new routes depends exclusively on its allies,” Minister Szijjártó added.

“It depends on our Croatian friends if they build their LNG port and it depends on decisions by an American and an Austrian company if gas found in Romania is extracted,” he said.

“If neither happens … Hungary will have no other choice but to focus on developing a southern transport route through which Russian gas could arrive through Turkey, Bulgaria and Serbia,” he added.

The Minister confirmed that Hungary has made the necessary technical steps to receive 6 billion cubic meters of gas from the south through Serbia starting in 2021 and 10 billion cubic meters from 2022.

Minister Szijjártó added that “secure energy supplies are a matter of national security and sovereignty.”

On the sidelines of the forum, Minister Szijjártó held bilateral talks with the energy and economy ministers of Serbia, Romania, Montenegro, Bulgaria, and the Bosnian Serb Republic.

Photo credit: MTI