Hungary, Russia agree fuel appropriate-up, deliveries by the use of Austria

 MTI – Econews

 Tuesday, June eleven, 2019, 13:30

Hungary will exact up its gas reserves this yr with deliveries of 2 billion cubic meters from Russia, with one other 2 bln cubic meters of Russian gasoline coming by means of Austria subsequent 12 months, Minister of international Affairs and change Péter Szijjártó said after signing agreements at the St. Petersburg overseas economic discussion board remaining Thursday.    

"Hungaryʼs give of gas from Russia is ensured, guaranteed with the aid of the agreements signed today," Szijjártó informed Hungarian news company MTI. The deliveries to be positioned in gasoline reserves to be used in 2020 should be made through the conclusion of September, he brought. 

Hungary receives most of its gas from Russia by way of a pipeline that passes via Ukraine. The current contract between Russia and Ukraine on the transit of gas sure for Europe expires on December 31, 2019, and the aspects have nonetheless now not signed a different to substitute it, mentioned MTI. Tensions between Moscow and Kiev during the past have resulted in interruptions of gas deliveries to Europe, it delivered.

Szijjártó stated he had met together with his Russian peer Sergey Lavrov, Minister of industry and trade Denis Manturov, and Minister of energy Alexander Novak in St. Petersburg. 

Commenting on exchange ties between Hungary and Russia backyard of the power sector, the minister observed Hungarian drugmaker Richter would beginning manufacturing its antipsychotic cariprazine in Russia. The drug, branded Reagila, has already been registered in Russia and talks are underway on together with it on a list of state-sponsored medicines, he added. 

Szijjártó termed financial sanctions towards Moscow "unsuccessful" as they haven't shaken the Russian economic system or forced the implementation of provisions within the Minsk agreements. He known as for a large and thorough analysis of the sanctions, which he estimated have can charge Hungary USD 8 billion in misplaced exports.

assembly with Gazprom CEO

later on Thursday, the Hungarian overseas minister also had a working meeting with Gazprom CEO Alexey Miller.

"The assembly participants examined the present considerations and potentialities of their cooperation, placing a different focal point on gasoline materials," Gazprom stated in a press release cited via MTI.

the click liberate mentioned that Gazprom deliveries of fuel to Hungary between January 1 and June 5, 2019, totaled 4.three bln cubic meters, a fifty seven.5% enhance over the corresponding period a yr past.

"besides the shrunk quantities, Hungary bought from Gazprom an extra 2 bln cubic meters of gas, which will be delivered in 2019," Gazprom validated.

"particular consideration on the assembly become paid to the construction of the Hungarian gasoline transmission gadget," delivered Gazprom. "The Hungarian birthday party expressed its intention to make certain that the fuel this is deliberate to be supplied to Europe via the transit string of the TurkStream gasoline pipeline may also be obtained by way of Hungary in the shortest feasible time."

The TurkStream pipeline will carry Russian gasoline to Europe by way of the Black Sea and Turkey, bypassing Ukraine, recalled MTI. Gazprom mentioned within the press unlock that it provided Hungary with 7.6 bln cubic meters of gasoline final 12 months, a 9.3% enhance from 2017.