Hungary Wants to Divert All Russian Gas Shipments to Turkstream

Hungary is discussing with Russia the possibility of redirecting its gas shipments under a long term deal to the Turkstream pipeline, Hungarian Foreign Minister Szijjarto said. The pipeline delivers gas from Russia to Hungary via Serbia. Szijjarto said the move is needed because shipments from Austria into Hungary are lowered by insecurity in Western Europe’s pipeline system.

He added that Hungary is receiving a steady volume of 32-33 million cubic meters of gas per day. Half of that amount comes from the Turkstream via Serbia. Szijjarto argued that the southern shipping route is the most stable, predictable and secure.

Szijjarto further stated that Hungary’s energy security would be under threat as western pipelines reduces the amount of gas arriving from Austria under the long term supply. This is why there are talks underway about redirecting all the gas shipments of the long-term Russian gas supply deal to the southern route, he added.

He said Hungary is receiving one third of the contracted amount from Russia via Austrian pipeline, while getting 100% via Serbia. It means that overall, Russia is delivering 88% of the contracted daily volumes under Hungary’s long term deal.

According to the deal signed last year, just before the Russian invasion of Ukraine, Hungary receives 3.5 billion cubic metres (bcm) of gas per year via Bulgaria and Serbia under its long-term deal with Russia and a further 1 bcm via a pipeline from Austria.

The agreement with Gazprom is for 15 years, with an option to modify purchased quantities after 10 years.

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