Home European News Gazprom ramps up gasoline flows to Hungary through TurkStream pipeline – EURACTIV.com

Gazprom ramps up gasoline flows to Hungary through TurkStream pipeline – EURACTIV.com

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Russia’s Gazprom has ramped up flows to Hungary through the TurkStream pipeline that brings gasoline to Hungary through Bulgaria and Serbia, a Hungarian overseas ministry official stated on Saturday (13 August).

European Union member Hungary has maintained what it calls pragmatic relations with Moscow since Russia’s invasion of Ukraine, creating tensions with some European Union allies eager to take a harder line.

Hungary, which is about 85% depending on Russian gasoline, firmly opposes the thought of any EU sanctions on Russian gasoline imports and Prime Minister Viktor Orbán has additionally lobbied onerous to safe an exemption from EU sanctions on Russian crude oil imports.

International Minister Péter Szijjártó met his Russian counterpart Sergei Lavrov in Moscow final month, searching for an additional 700 million cubic meters of gasoline on high of an present long-term provide cope with Russia.

Below a subsequent settlement, Gazprom began ramping up gasoline flows to Hungary on Friday, Hungarian International Ministry State Secretary Tamas Menczer stated in an announcement.

Menczer stated Gazprom would add 2.6 million cubic metres of extra gasoline per day to previously-agreed deliveries through TurkStream by means of August, with the quantity of September deliveries being negotiated.

TurkStream, bringing Russian gasoline beneath the Black Sea to the European territory of Turkey, known as Balkan Stream in Bulgaria, the pipeline entry level to the EU.

Russia has stopped gasoline deliveries to Bulgaria, however Sofia continues to transit Russian gasoline to Serbia and Hungary.

Hungary’s reserves saved 2.84 billion cubic metres of gasoline by the center of July, the bottom stage for that interval over the previous 5 years primarily based on information by the nationwide vitality regulator.

Below a deal signed final 12 months, earlier than the beginning of the warfare in neighbouring Ukraine, Hungary receives 3.5 billion cubic metres (bcm) of gasoline per 12 months through Bulgaria and Serbia beneath its long-term cope with Russia and an additional 1 bcm through a pipeline from Austria.

The settlement with Gazprom is for 15 years, with an choice to switch bought portions after 10 years.

(Edited by Georgi Gotev)



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