Page 11 - EurOil Week 03 2023

EurOil PIPELINES & TRANSPORT EurOil

Hungary negotiates importing

Azerbaijani gas

AZERBAIJAN THE Hungarian company MVM has started European Union in the implementation of such
commercial negotiations with partners from projects. Now, according to Szijjártó, the only
Hungary is heavily Turkey to expand gas supplies of Azerbaijani gas, reliable source of gas for Hungary is the Turkish
dependent on Russian as well as liquefied natural gas (LNG) delivered Stream pipeline, which runs east-west at 100%
gas. to Turkish seaports, according to Minister of of its capacity.
Foreign Affairs and Foreign Economic Relations Azerbaijani gas supplies to Europe through
of Hungary Péter Szijjártó, who spoke at a press the Trans-Adriatic Pipeline (TAP), which is
conference after a meeting in Budapest with an integral part of the Southern Gas Corridor
Minister of Industry and Technology of Turkey (SGC), began at the end of 2020. Deliveries are
Mustafa Varank. designed for 25 years, and their volume should
Reaffirming the intention of the Hungarian be more than 10 bcm, of which 8 bcm are
government to seek diversification of energy accounted for by Italy and 1 bcm to the share of
sources, Szijjártó added that "the most realistic Greece and Bulgaria.
options for this are Azerbaijani gas and LNG In accordance with the agreement between
coming to Turkish ports". The minister spec- Azerbaijan and the European Union, gas sup-
ified that "between the MVM company and plies to Europe in the next five years will be
its Turkish partners, commercial negotiations increased to 20 bcm per year. SGC, which
have already begun on the volume and timing of stretches for 3,500 km from Baku to southern
deliveries to the Hungarian market". Italy through Georgia, Turkey, Greece and Alba-
He also added that the expansion of Azer- nia, is an integrated pipeline system. Its capacity
baijani gas supplies to Europe will require large is 16 bcm per year. The main source of raw mate-
investments in pipeline infrastructure and Hun- rials for it is the Shah Deniz field, with reserves
gary counts on financial assistance from the of 1.2 tcm. ™

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