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Strategic gas partnership may emerge between Croatia and Hungary

Croatia will enable Hungary to buy gas from the network by the end of 2019.

Strategic gas partnership may emerge between Croatia and Hungary


Dubrovnik, September 4 - Neftegaz.RU. By making the Croatia-Hungary gas interconnector reverse-flow capable, Croatia will enable Hungary to buy gas from the network by the end of 2019, Hungarian foreign minister Péter Szijjártó said.

Talks have also started on the price of gas available from the LNG terminal in the Island of Krk, said Péter Szijjártó after talks with Tomislav Ćorić, Croatia’s minister of environment and energy. Szijjártó was in Dubrovnik to attend the Dubrovnik Forum, an international foreign and security policy event.

«It serves Hungary’s national security and economic interests if it has as many resources available as possible to buy sufficient volume of gas for the operation of the economy and also to satisfy private consumers’ demandsv he said.

A Hungarian-Russian gas purchase agreement currently in force will expire at the end of 2020. This will enable Hungary to involve new resources in its gas supply, he added.

The LNG terminal in Krk is expected to be completed by the 2nd half of 2020, he added. «We made it clear to our Croatian partners that Hungary will buy liquid natural gas from Croatia only if its price is competitive,» he said, adding that in order for Hungary to sign a long-term gas supply deal, Croatia must offer long-term guarantees.

Source : Neftegaz.RU


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