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Hungary, Slovakia sign gas interconnector agreement

Hungarian Prime Minister Viktor Orbán and his Slovakian counterpart Iveta Radicova signed an agreement on the construction of a pipeline connecting the gas networks of the two countries in Bratislava on Friday.

Orbán signed the agreement during a one-day official visit to the Slovakian capital.

The interconnector, part of a pipeline that runs between the north and south of Europe, reduces both countries' energy dependence on Russia.

Hungary's FGSZ Földgázszállító and Slovakia's Eurstream will build the interconnector.

The 20km of the pipeline in Slovakia will cost about €20 million to build and the 95km on the Hungarian side will cost about €100 million. The European Union has already promised €30 million in support for the interconnector. (MTI-Econews)