Szijjártó discusses U.S.-Hungary energy cooperation
Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó discussed Hungarian-U.S. political relations and energy cooperation during a visit to Washington, D.C., Hungarian news agency MTI reported late yesterday.
(Photo: kormany.hu/Márton Kovács)
The minister is in the United States with Prime Minister Viktor Orbánʼs delegation for the fourth Nuclear Security Summit held yesterday and today.
Szijjártó met Amos Hochstein, the State Departmentʼs top official for energy affairs, for talks on energy cooperation. The minister said central Europeʼs energy security was still unsettled, posing serious security risks for the region. This makes energy cooperation between Hungary and the United States all the more important.
Hungaryʼs main issue is finding new gas supply routes and this is where help from the United States is of key importance. The construction of the LNG terminal in Croatia would be Hungaryʼs preferred scenario and the Croatian government is beginning to admit that it would be an economical solution. U.S. investors have also shown interest in the project. Hungary believes the construction of the terminal would be feasible by four-way cooperation between Croatia, Hungary, the United States and the European Union, Szijjártó said.
Another possible gas supply route would be the corridor connecting Greece, Bulgaria, Romania and Hungary, however, this would still require the construction of interconnection points on the Greek-Bulgarian and Bulgarian-Romanian borders.
The minister also met Joseph Andrew, the global chairman of law firm Dentons, to discuss political ties.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.