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Hungary could start buying Croatian gas by end of 2019

Energy Trade

The establishment of an interconnector with reverse-flow capability could allow Hungary to buy gas from Croatia by the end of 2019, according to Minister of Foreign Affairs and Trade Péter Szijjártó.

The announcement came after Szijjártó met with Croatiaʼs Minister of Environment and Energy Tomislav Ćorić in Dubrovnik, according to state news agency MTI. Talks have started on the price of gas to be pumped from the liquefied natural gas (LNG) terminal in Krk, the Hungarian minister explained, adding that the Croatians plan the construction of the terminal by the second half of 2020.

Szijjártó said Hungary could access entirely new sources of gas when the countryʼs long-term contract on deliveries from Russia expires at the end of 2020, at the latest.

"In this respect, Croatia could be a strategic partner," Szijjártó said. "It serves Hungaryʼs economic and national security interests to get as many sources of gas as possible to satisfy the needs of the economy and households," he added.

The minister was in Croatia to participate at the Dubrovnik Forum, an annual international foreign policy conference.

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