Hungary-Slovenia Gas Interconnector Cleared
The construction of an interconnector between the gas networks of Hungary and Slovenia has been given the go-ahead, Minister of Foreign Affairs and Trade Péter Szijjártó said in a post on Facebook on Tuesday, after talks in Ljubljana, according to a report by state news wire MTI.
"We have finalized our cooperation agreement in the area of energy and, as a result, the construction of the Hungarian-Slovenian gas interconnector has been given the green light," Szijjártó said.
The interconnector will have an annual capacity of 440 million cubic meters and clear the way for deliveries through the Italian-Slovenian-Hungarian gas corridor, he added.
He said the agreement would be signed in Budapest, early in October.
Slovenia is the only neighboring country with whom Hungary does not yet have a gas interconnector, he noted.
Szijjártó said the sides had reached a common understanding on the "fundamental issues" regarding a Hungarian-Serbian-Slovenian electricity exchange, paving the way for its launch early next year.
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.