Gas deliveries via Serbia set to start from Oct 2021

Energy Trade

Hungary could start taking deliveries of gas via Serbia from October 2021, Minister of Foreign Affairs and Trade Péter Szijjártó said on Thursday, after talks with Serbian Minister of Energy and Mining Aleksandar Antić in Budapest, according to a report by state news wire MTI.

The delivery volume could be even bigger than planned, Szijjártó said at a joint press conference. Hungary is prepared to make additional developments if delivery companies indicate a demand for more than an annual 6 billion cubic meters, he added.

Preparations are already underway to build a pipeline from the border with Serbia connecting to Hungaryʼs gas network, and an agreement on an interconnector with the Serbians could be reached soon, he added.

Antić said the reinforcement the electricity networks of Serbia and Hungary offer each other benefits both countries, adding that it would be a boon for the entire region if a regional electricity market could be established.

Before the press conference, the head of the state-owned Hungarian Electricity Works (MVM) signed a memorandum of understanding with the heads of the Serbian Electricity Works and the state-owned Serbian gas supplier Srbijagas.

ADVERTISEMENT

Wizz Air issues EUR 500 mln bond Transport

Wizz Air issues EUR 500 mln bond

1,438 new COVID-19 cases registered in Hungary Figures

1,438 new COVID-19 cases registered in Hungary

Gov't to roll out PIT exemption for Hungarians under 25 Government

Gov't to roll out PIT exemption for Hungarians under 25

Tourism nights down 85% y.o.y. in November 2020 Tourism

Tourism nights down 85% y.o.y. in November 2020

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.