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Hungary eyes LNG imports from Italy via Slovenia, natural gas from TurkStream

Staff Writer |
Hungary and Slovenia could apply jointly for European Union funding to connect their gas networks, allowing Hungary to import liquefied natural gas (LNG) from Italy, Minister of Foreign Affairs and Trade Péter Szijjártó told state news agency MTI.

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There is no pipeline that would allow the delivery of LNG from Italian ports to Hungary at present, Szijjártó noted, adding that such an investment would serve to diversify Hungaryʼs energy supply.

Talks are underway on the capacity of an interconnector between the gas networks of Hungary and Slovenia, the minister said. A preliminary survey of market players shows that Hungarian, West European and American companies would all be interested in buying capacity in such an interconnector, he added.

A decision on funding for the interconnector is expected to be taken by the European Council in the spring, Szijjártó said.

The construction of an LNG terminal in Croatia remains uncertain, and the prices at which Croatia wants to sell the gas are too high, the minister explained. Meanwhile, the timeframe for the start of deliveries of offshore gas from Romania extracted by ExxonMobil and OMV is also uncertain, which is why finding new sources of supply is justified, he added.

Hungary is interested in receiving Russian natural gas on the southern border from the extension of the TurkStream gas pipeline, Hungarian ambassador to Russia Norbert Konkoi told reporters on Monday.

“Budapest is interested in diversification of gas routes,” he said. “We now receive gas from Russia from the east, but we are also interested in gas delivery from the south. Hungary is ready to take the gas if the Bulgarian and Serbian threads are constructed.”

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