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Oct 03, 2018

Hungary and Croatia turn to EC regarding gas shipment tariffs

Minister Szijjártó said Hungary could take delivery of 1.7 billion cubic meters of gas a year from the Krk terminal which has capacity of 2.6 billion cubic meters

The foreign minister has revealed that Hungary and Croatia will turn to the European Commission regarding fixing tariffs for the delivery of gas from the LNG terminal under construction on the Croatian island of Krk to Hungary.

Péter Szijjártó, minister of Foreign Affairs and Trade, met with Croatian Minister of Environmental Protection and Energy Tomislav Coric in Budapest on Tuesday to discuss the deal.

Minister Szijjártó said Hungary could take delivery of 1.7 billion cubic meters of gas a year from the terminal which has capacity of 2.6 billion cubic meters.

The minister added that the LNG terminal presents an opportunity to diversify Hungary’s energy supply in the period after 2020, when its long-term gas supply contract with Russia expires. He added that the other realistic alternative is taking deliveries of gas extracted by ExxonMobil and OMV Petrom in the Black Sea.

Minister Coric welcomed Hungary’s interest in contracting capacity of the Krk LNG terminal. He said the project was of strategic interest for the EU, noting that the EC has supported it with 100 million euros.