Minister Szijjártó said the capacity of the new pipeline would be around 4.5m tonnes per year, allowing the Pancevo refinery and Serbia to be supplied entirely from Hungary.
"Hungary doesn't want to be dragged into the war. So we must maintain our sovereignty," Minister Szijjártó said.
Minister Szijjártó met Gebran Bassil, head of Lebanon's Christian Free Patriotic Movement, for talks in Budapest on Monday.
Minister Szijjártó pointed out that neither the European Union as a whole nor any of its member states are threatened by any risk of war, not even from Russia.
Minister Szijjártó said Donald Trump was elected in November 2024, and "it was known that he would conduct a patriotic economic policy which may include raising tariffs."
Minister Szijjártó expressed his appreciation for US President Donald Trump’s peace efforts, noting that "such talks were absolutely impossible" before Trump took office.
Minister Szijjártó said Hungarians lost "forty years of our lives" due to the conflict between East and West.
"If Donald Trump can't broker peace in Ukraine, no one can," the foreign minister said, adding that Hungary fully supports Trump's endeavors.
"No one can think that Ukraine is in a better state [of preparedness] today than any of the Western Balkans countries," the foreign minister said.
The foreign minister welcomed that US President Donald Trump was "bravely and openly confronting the international liberal mainstream", adding that the Hungarian government was fully behind these efforts.
Péter Szijjártó had consultations with his new Austrian counterpart about continued violations of the ethnic Hungarian community's rights in Transcarpathia and on Ukraine's EU integration endeavors.
Minister Szijjártó noted that the sanctions against Gazprombank, introduced by the outgoing American administration days before their term of office ended, had put Hungary and other countries in the region in a difficult position in terms of gas supply.
"They want to quickly push Ukraine into the European Union … and sacrifice the rights of Transcarpathian Hungarians," the foreign minister said.