Hungary, Serbia agree to build gas interconnector

Recycling

By Aritra Deb/Shutterstock.com

The governments of Hungary and Serbia signed an agreement on the construction of an interconnector between the gas networks of the two countries, official state news portal kormany.hu reported.

The agreement was signed in Budapest by Minister of Foreign Affairs and Trade Péter Szijjártó and Serbian Minister of Energy and Mining Aleksandar Antic.

Szijjártó said the bidding procedure for up to 10 billion cubic meters of interconnector capacity would take place in September. The scale of Hungary’s investment in the interconnector will depend on the demand for that capacity, he added.

He said construction of the interconnector could start in the summer of 2020 and be completed by the end of 2021.

Antic said work on the interconnector in Serbia is being carried out in three phases, adding that 120 km of pipeline had already been laid. Construction is expected to wind up in mid-December, while a compressor station could be built in 2020, kormany.hu cited him as adding. 

ADVERTISEMENT

Romania PPI Inflation Rises Further in August Analysis

Romania PPI Inflation Rises Further in August

Gov't Mulls Bailout for Dunaferr Government

Gov't Mulls Bailout for Dunaferr

Blue Chip Art and Passion Assets - Claudia Worthington Hess ... Podcasts

Blue Chip Art and Passion Assets - Claudia Worthington Hess ...

Magyar Posta to Close 35 Post Offices in Capital City

Magyar Posta to Close 35 Post Offices in Capital

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.