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Hungary discusses energy with Serbia

Energy Trade

Prime Ministers Viktor Orbán of Hungary and Aleksandar Vucic of Serbia, and Foreign Ministers Péter Szijjártó of Hungary and Ivica Dacicheld of Serbia held talks at an informal meeting in Subotica yesterday, to discuss the energy security of the region and the possibility of boosting bilateral economic cooperation, Bertalan Havasi, the Hungarian prime minister's press chief, told Hungarian news agency MTI.

The press chief said that the officials had agreed to hold regular consultations about prospective new investments following the aborted South Stream gas pipeline project, and to cooperate in the technical and financial preparations required for those investments. Purchasing gas at a competitive price is in both countries' interests and this can be ensured by a multiple option of alternative routes to Central Europe, Havasi added.

The meeting was less than a day before the arrival to Budapest of Russian President Vladimir Putin’s, who is reportedly meeting Orbán to discuss the Russian-Hungarian gas agreement, which is due to expire soon, and is likely to either be extended or replaced.

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