Gazprom Confirms Commitment on Hungary Gas Deliveries 

Energy Trade

Gazprom has confirmed its commitment to continued deliveries of gas to Hungary and the long-term operation of the TurkStream pipeline, the main delivery route for that gas, Minister of Foreign Affairs and Trade Péter Szijjártó said late Wednesday, after a meeting with the Russian company's CEO Alexey Miller in Moscow, according to a report by state news wire MTI.

"Gazprom confirmed its commitment to operating the TurkStream for the long term and confirmed its commitment with regard to the long-term predictability of deliveries to Hungary," Szijjártó said in a video message posted on Facebook.

With the northern route for delivery of Russian gas to Europe "inoperable", he said Gazprom will "place emphasis" on delivering gas through the southern route.

"TurkStream will play an even more important role for the energy supply of Southeastern Europe and Central Europe than till now," he added.

He noted that the important elements of the TurkStream pipeline are manufactured by Russia and are unaffected by sanctions.

Szijjártó said the part of Hungary's Russian gas deliveries that comes via Austria, through the northern delivery route, will be re-routed through the southern delivery route.

"Even bigger volumes of gas will arrive daily in Hungary, so it is certain that no restrictions will be necessary with regard to gas consumption. Every household...every business will have enough gas," he added.

He said an agreement on making deferred payments for gas deliveries was "finalized" and will be signed on Thursday.

Szijjarto said he confirmed to Miller that Hungary will continue to take a stand on keeping gas deliveries and related activities exempt from sanctions.

ADVERTISEMENT

Avg Compulsory Vehicle Insurance Premium up 5% Figures

Avg Compulsory Vehicle Insurance Premium up 5%

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

4iG, Rheinmetall Establish IT JV Deals

4iG, Rheinmetall Establish IT JV

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held

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.