“Gazprom” will deliver to Hungary 8 billion cubic meters of gas via Turkish stream

The Minister of economic relations and foreign Affairs of Hungary Peter Siarto has signed with head “Gazprom” Alexey Miller the agreement on accession to the project “Turkish stream”, according to the press service of the government of Hungary.

According to the Minister, gas supply in Hungary could start by the end of 2019, their total volume is estimated at about 8 billion cubic meters per year. For comparison, in 2016, Hungary was delivered 5.7 billion cubic meters of Russian gas.

Commenting on the signing of the agreement, Szijjártó said the cooperation with “Gazprom” and joining the company realized the project “southern gas corridor” is the most realistic way to ensure that Hungary needed fuel.

“This will significantly increase the energy security of Hungary, and therefore in our national interest to make it happen,” said the Minister. He also noted that the alternative supply options in the foreseeable future do not exist in particular in Croatia has not built a terminal for receiving liquefied natural gas from tankers.

The Minister highlighted the benefits to Hungary, the transit of Russian gas through its territory to other countries of Europe, including the possibility to increase the efficiency of use of local gas storage.

The press service of “Gazprom” reported that during the meeting in Moscow the working meeting Szijjártó and Miller discussed the issues of gas supplies to Hungary, it is stored on the territory of the Republic and transit to third countries, as well as prospects of development of gas transmission capacities.

“During the meeting, Alexey Miller and Peter Szijjártó signed a road map. The document stipulates the implementation by the parties of a number of activities aimed at the development of the gas transportation system of Hungary”, — stated in the message “Gazprom”.

“Turkish stream” — building an export pipeline that would cross the Black sea and enter the European coast of Turkey, 100 km West of Istanbul, at the settlement of Kyukei. Further plans to build an overland pipeline, which will supply gas from Turkey to neighboring countries (Greece, Bulgaria) and other countries of Europe.

At the end of June 2017 Alexei Miller said that by March 2018, will launch the first line of “Turkish stream” through which gas will be supplied to the Turkish market. The second string, through which gas will go to southern and South-Eastern Europe, according to the head of “Gazprom” must be commissioned in 2019.