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Feb 04, 2019

Hungary and Slovenia submit joint bid for EU funding to link gas networks

Péter Szijjártó, Minister of Foreign Affairs and Trade, said the diversification of gas supplies is a key issue for Hungary

Hungary and Slovenia have submitted a joint bid for European Union funding to link their gas networks.

According to MTI, the move would allow Hungary to import liquefied natural gas (LNG) from Italy and improve both countries’ gas supplies.

Péter Szijjártó, Minister of Foreign Affairs and Trade, said the diversification of gas supplies is a key issue for Hungary.

The minister stressed that given the current uncertainty around the construction of the LNG terminal in Croatia, the fact that Croatia’s price offer is well above market price, and the uncertainty of when US and Austrian gas industry companies can begin extracting gas from Romania’s sub-sea gas fields, Hungary must establish new sources of gas delivery.

Minister Szijjártó said one such scenario is the import of LNG via Italian ports, adding that the infrastructure for Hungary to buy LNG directly from Italy was not yet in place. This is why Hungary has signed an agreement with Slovenia, the minister explained, noting that by connecting the two countries’ gas networks, Hungary will be able to import gas from Italy.

The minister concluded that talks on the required capacity of the interconnector that would link the two countries’ gas networks are ongoing. A European Council decision on the matter is expected in the spring.