• Natural Gas News

    Reuters: Hungary seeks gas options after South Stream halted

    old

Summary

Hungary wants Russia to store more gas in the central European country's big underground reservoirs to boost supply security

by:

Posted in:

Press Notes

Reuters: Hungary seeks gas options after South Stream halted

Hungary wants Russia to store more gas in the central European country's big underground reservoirs to boost supply security, Hungary's foreign minister told Reuters on Tuesday.

Hungary, which is heavily reliant on Russian gas imports, is seeking to secure new gas supply options after Russia cancelled the South Stream project last year, Peter Szijjarto said in an interview. He also said Budapest expected assistance and money from the European Union in that process.

Szijjarto said he had proposed to Russian Energy Minister Alexander Novak that Russia should store more gas in Hungary's big underground reservoirs. Gazprom has stored up to 700 million cubic metres of gas in Hungary since last year.

MORE