Regional Infrastructure for Energy Diversification Needed
Photo by Alberto Masnovo/Shutterstock
Minister of Foreign Affairs and Trade Péter Szijjártó urged European Union Commissioner for Energy Kadri Simson to make the construction of regional infrastructure necessary for energy diversification a "European matter" at a meeting in Brussels this week.
At a press conference during a break at a meeting of EU foreign ministers, Szijjártó said he told Simson that Hungary is taking steps with Bulgaria, Greece, and Romania to address the need for "big infrastructure developments" in southeastern Europe to improve energy diversification.
"I asked her to treat the endeavor as a European matter," Szijjártó said. "If it's a European issue, then it requires European funding," he added.
Szijjártó complained that Hungarian oil and gas company MOL is paying "a multiple of the market price" for delivery of crude through Croatia's Adria pipeline, despite efforts to lock in capacity with a long-term contract.
He added that the Croatian side has not made good on pledges to invest in additional capacity and said the matter was "Brussels' responsibility, too."
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest 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.
