Croatia/Hungary/Ukraine gas corridor gets EU approval
The reported agreement on a Croatia/Hungary/Ukraine gas corridor that would draw from the Trans-Adriatic pipeline in an effort to control energy security in the three nations has already entered the next phase of realization, according to Ukraine-based media.
From the European Union meeting of heads of state in Brussels, Ukrainian Energy-and-Coal Industry Ministry Eduard Stavytsky reported today that EU authorities have approved the route to his country via Croatia and Hungary.
“We have agreed all issues on a new route – the Adriatic-Hungarian-Ukrainian corridor – for the supply of natural gas from an LNG terminal on Kirk Peninsula through transport systems of Hungary to our gas storage facilities in Ukraine,” Stavytsky said, touting the agreement as a “powerful step toward diversification of energy supply routes and enhancing energy security of the whole of Europe.”
An official declaration establishing the corridor will be signed by the three countries’ prime ministers in Kiev in early November.
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.