Report: Croatia/Hungary/Ukraine gas corridor in works

World

Croatia, Hungary and Ukraine agreed to expand their existing pipelines to create a corridor that will carry natural gas through the three countries and connect to the planned Trans-Adriatic Pipeline in southern Europe...

“The new infrastructure will enable us to send gas to eastern European markets,” Croatian Deputy Foreign Minister Joško Klisović told Bloomberg in a telephone interview, adding the countries’ prime ministers are ready to sign a pact “soon.”

By diversifying gas supplies, the corridor is promised to increase the security of energy supplies in the region and help curb Europe’s reliance on Russian gas after pricing disputes with Ukraine disrupted shipments to European Union customers.

The project may be financed by EU funds and interested companies, Klisovic said, adding it was too soon to discuss the cost.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.