Hungary Secures Gas via Serbia as Ukraine Cuts Russian Transit
At the end of 2024, Kiev declined to renew its five-year transit agreement with Russia’s Gazprom, effectively cutting off natural gas deliveries to multiple EU nations, including Romania, Poland, Hungary, Slovakia, Austria, Italy, and Moldova.
“Ukraine has abandoned Central Europe in terms of energy supply security after shutting down the natural gas pipeline that used to transport gas from Russia, from the east, to Europe – primarily to Central Europe,” Szijjarto stated in a Facebook video posted Saturday. He emphasized the region is now facing a precarious energy situation as a result.
The Hungarian official also revealed that Serbia has stepped in to facilitate transit shipments, ensuring the region’s gas needs are met. Currently, Hungary receives more than 20 million cubic meters of gas daily via its neighbor.
Following Ukraine’s refusal to extend the Gazprom transit contract, the TurkStream pipeline, which traverses Türkiye and the Balkans, now stands as the sole conduit for Russian gas to reach the region.
Russia, previously the EU’s leading gas supplier, drastically slashed exports to the bloc three years ago amid Western sanctions linked to the Ukraine war and the sabotage of the Nord Stream pipelines. This led to a plunge in Russia’s share of EU pipeline gas imports from over 40% in 2021 to roughly 11% in 2024.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
