RT.com
25 Jan 2023, 17:43 GMT+10
Hungary says Brussels should prioritize the issue and secure diversified energy deliveries
Hungary, Romania, Bulgaria and Slovakia have requested that the European Commission (EC) allocate funds for infrastructure development that would enable increased shipments of Azerbaijani gas to the EU, Budapest announced on Tuesday.
Speaking at a joint news conference with Azerbaijani Economy Minister Mikail Jabbarov, Hungarian Foreign Minister Peter Szijjarto urged Brussels to address the energy-supply issue "as a priority, and provide financial support." According to the official, the investment being sought is needed to build new and update existing infrastructure, which would provide for increased volumes of Azerbaijani gas flowing via Turkey, Bulgaria, Romania, Hungary and Slovakia.
The projects, which, according to the Hungarian official, should provide for energy security in Southern and Central Europe, will include the construction of new interconnectors and the boosting of capacity in existing ones.
"This situation will show whether the EU is ready to make a step towards a real diversification from the talk that has been heard so far, about the importance of diversification for the security of supply in Central Europe," Szijjarto said.
Last September, at a meeting of energy ministers of the Turkic nations, he stated that gas deliveries from Azerbaijan to the EU would double in the coming years, which Hungary sees as an opportunity to diversify energy supplies in the region.
Apart from Azerbaijani gas Budapest is seeking to increase imports of Liquefied Natural Gas via the Croatian super-chilled gas terminal in Krk, and to develop a gas field in Romania.
Earlier, the country's Foreign Ministry said that Hungary was working on alternative sources for energy imports but stressed that in the short term it is impossible to replace Russian oil and gas.
Hungarian Prime Minister Viktor Orban has repeatedly stated that by refusing Russian energy supplies in favor of imports from the US, the EU is on the losing side since it's forced to pay five to ten times more.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of Afghanistan Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Afghanistan Sun.
More InformationWASHINGTON, D.C.: The Trump administration is in early talks about holding a large military parade in Washington, D.C., this summer—a...
WASHINGTON, D.C.: U.S. President Donald Trump's choice to lead NASA, Jared Isaacman, has told lawmakers that sending astronauts back...
FRANKFORT/JACKSON: It is been about 45 years since a U.S. state last got rid of its income tax on wages and salaries. But now, Mississippi...
NEW YORK CITY, New York: As artificial intelligence drives soaring demand for data processing, electric utilities across the United...
FRANKFORT, Kentucky: Heavy rain over several days caused rivers to overflow across Kentucky, flooding homes and threatening a famous...
KYIV, Ukraine: Talks between Ukraine and the United States over a critical minerals agreement are set to continue this week, as officials...
Tashkent [Uzbekistan], April 11 (ANI): Deputy Chairman Rajya Sabha Harivansh underlined various steps taken by the Indian government...
XING'AN LEAGUE, April 11 (Xinhua) -- Across the vast grasslands and wetlands of Xing'an League in north China's Inner Mongolia Autonomous...
An aerial drone photo shows trains for China-Europe freight service at Manzhouli Railway Port in north China's Inner Mongolia Autonomous...
Islamabad [Pakistan], April 11 (ANI): Leaders of Pakhtun nationalist parties on Wednesday called on Pakistan to halt the deportation...
(250410) -- BEIJING, April 10, 2025 (Xinhua) -- Consumers select products at an exhibition area of an SCO international logistics port...
An aerial drone photo taken on July 16, 2024 shows the scenery of a grassland in West Ujimqin Banner of Xilin Gol League, north China's...