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that defines what to do if there is a real minister, told Haber Global on July 26. Moscow. After a month of haggling, pipeline
shortage of energy supply. And that algorithm Problems with gas supplies were unlikely to delivery of oil was granted exemption from
is very clear – the end-consumers in afflict Turkey this winter as the country would the sanctions. The price gap between Ural-
households are the last ones in the chain to be contractually secure its interests in the runup type and Brent boosted CEE’s leading oil
affected. At the beginning, of course, there are to winter, he said, speaking at a time when and gas giant MOL’s profit.
industrial or economic uses,” Simonyte told countries across Europe are set to ration gas Under the decree discussed by EU
LRT TV on July 26. as they fear Russia will not provide enough for ministers, member states could start
According to her, Lithuania has their winter reserves in a tactical attempt at reducing their gas consumption on a
significantly reduced its gas consumption over exerting pressure on the EU for its opposition voluntary basis right now, but if the
the last decades and the trend is to continue. to its war in Ukraine. European Commission or five members
“This year, there are a lot of measures foreseen “Our main suppliers are Russia, Azerbaijan so decide the European Council can issue
for our companies and businesses to change and Iran,” Donmez continued. “We intend to an alert, and it will make it mandatory for
their energy use, to move towards a more extend contracts with them for a new period. member states to cut consumption by 15%
sustainable mix,” she said. We strive to meet our energy needs.” compared to their average consumption in
Similarly, cities are replacing gas with In recent years, Turkey has attempted to the past five years, Szijjarto said.
biofuel for central heating, she added. gain more leverage in its negotiations for Countries agreed to exempt numerous
pipeline gas by pointing the rising availability countries and industries from the binding
of liquefied natural gas (LNG) deliveries. It 15% cut after some governments opposed
Croatia to boost capacity of LNG has also pushed for more competitive pricing the EU’s original proposal to apply it to
every country.
and flexibility in deal renewals, but booming
terminal, oil pipelines, economy gas prices have undermined that strategy. disregarding Hungary’s “special situation” in
Szijjarto criticised the EU for
Turkey imports gas from Iran under an
minister says agreement signed in 1996 for up to 10bn terms of having an especially high ratio of
cubic metres (bcm)/year until July 2026. It
natural gas in the composition of its energy
Croatia will take steps to strengthen the commenced in 2001 and was later reduced to supply and the high ratio of retail users, as
capacity of its terminal for liquified natural 9.6 bcm/year. households accounted for about half of the
gas (LNG) and that of oil pipelines to Turkish state broadcaster TRT Haber on total gas consumption.
neighbouring countries as part of the EU’s July 25 reported Turkish President Recep Szijjarto recalled that EU treaties
efforts to prepare for a complete halt of Tayyip Erdogan, who a week ago met with guarantee that energy policy remains in the
supplies from Russian Gazprom, Economy his Iranian counterpart Ebrahim Raisi in scope of national competence. The minister
Minister Davor Filipovic said as quoted in a Tehran, as saying Turkey has every intention also warned that the decree could negatively
statement. of importing more Iranian oil and gas. impact the EU’s competitiveness.
Filipovic attended a meeting of the Energy Raisi, meanwhile, said after his meeting There is a recurring argument among
Council in Brussels where an agreement with Erdogan that Tehran and Ankara Hungarian government officials that many
has been reached for a 15% voluntary cut of believed they could boost their annual countries have agreed to the Hungarian
natural gas demand during the winter. bilateral trade to around $30bn. position, but they are afraid to openly
“Croatia supports the measures of the support Budapest. This was the case when
commission and the Croatian government EU sanctions on energy were discussed, as
will issue savings guidelines this week,” the Hungary to veto EU’s gas reported by independent media.
statement added. Gas deliveries to Hungary from Serbia
The savings will be voluntary for rationing plans through the Turkish pipeline returned to
consumers, households, public institutions full capacity at the end of June.
and industries. Hungary will vote against the EU proposal Hungary is also ahead in filling up its
Meanwhile, Croatia will invest in to introduce compulsory gas savings in gas storage facilities, with reserves already
renewable energy sources and will launch member states, Hungarian Foreign Minister in stock at 28% of annual demand against
activities to boost the capacity of LNG Peter Szijjarto said in Brussels on July 18% on average in European Union member
terminal and gas pipelines to neighbouring 26, after EU energy ministers approved a states, according to the foreign minister.
countries to secure a long-term stability.. proposal for all EU countries to voluntarily Hungary has sought to secure an
cut gas use by 15% from August to March additional 700mcm of gas from Russia
to prepare for a possible shutdown of gas in addition to the 4.5bcm under a long-
Turkey confident on deliveries from Russia. Only Hungary term agreement with Gazprom reached in
opposed the deal.
October in talks this week.
extending gas purchase 85% of its gas supplies from Russia, the EU’s frequently posts on Facebook, called the
Prime Minister Viktor Orban, who
According to Budapest, which receives
deals with Russia, plan to curb gas consumption is unfounded decision distressing, saying it is another step
and unenforceable and disregards Hungary’s toward the war economy. The government’s
Azerbaijan and Iran economic interests. position is that only a peace agreement
could remedy the unfolding energy crisis
Budapest has vehemently argued against
Turkey intends to extend its natural gas extending sanctions on Russia to gas and in Europe, but it has little to say how to
purchase agreements with key suppliers oil, saying it would paralyse the country’s achieve that...
Russia, Azerbaijan and Iran, Fatih Donmez, economy. Hungary has threatened to
the country’s energy and natural resources veto the sixth round of sanctions against

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