Gazprom Strikes Deal With Hungary to Export Gas Through Turkstream

Russia's state-controlled energy giant Gazprom signed a new 15-year natural gas supply deal with Hungary in a move sharply criticized by Ukraine, the company announced on Monday.

Signed by Gazprom and Hungarian energy group MVM executives during the visit of Gazprom's chief, Aleksei Miller, to Hungary, the deal will be effective from Oct. 1 when Hungary will start receiving gas via the TurkStream pipeline and other gas pipelines in southeastern Europe.

Up to 4.5 billion cubic meters of gas per year will be supplied for 15 years.

Stressing the importance of the diversification of supply routes by the new arrangement, Miller said, “this was made possible to a large extent through the efforts of Bulgarian, Serbian and Hungarian companies in charge of developing the national gas transmission systems.”

Meanwhile, on his Facebook account, the general director of the Ukrainian Gas Transmission System Operator Sergei Makogon said the gas deal between Hungary and Russia might reduce or completely stop the gas supply to Hungary via Ukraine.

“A striking example of the Kremlin’s policy towards Ukraine – as soon as it becomes technically possible to bypass Ukraine in the transit of gas, Gazprom launches gas through longer, but its own, transit gas pipelines,” Makogon said.

(Anadolu Agency, September 28, 2021)

EVENTS Presentation Greek Energy Directory 2021 Energy & Development 2021 IENE Seminar "Managing Energy Markets in a Complex World"


PUBLICATIONS The Greek Energy Sector 2020 Long-Term Gas Contracting Terms, definitions, pricing - Therory and practice SEEEO 2016-2017 More

COOPERATING ORGANISATIONS IEA Energy Institute Energy Community Eurelectric Eurogas Energy Management Institute BBSPA AERS ROEC BPIE