ADVERTISEMENT

Hungary seeks EU support in securing gas options post South Stream

Visits

Hungary, which is heavily reliant on Russian gas imports, is looking to secure new gas supply options following Russia’s halting of the South Stream project late last year, Hungary's foreign minister Péter Szijjártó told Reuters yesterday. 

Szijjártó said that Budapest expected assistance and money from the European Union in that process. He had also proposed to Russian Energy Minister Alexander Novak that Russia store more gas in Hungary's large underground reservoirs. "The more gas stored here, the better for us – economically, and regarding energy security as well," the Hungarian foreign minister said, adding that no deal has been reached yet on the issue. 

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.