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Energy Security: Hungary Signs Regional Gas Agreement In Riga

2015.05.22.

Hungary, Romania, Bulgaria, and Slovakia have signed a regional gas supply agreement at a summit meeting in the Latvian capital Riga on Friday.

Foreign Minister Péter Szijjártó told public television M1 before the deal was signed by his three counterparts – Miroslav Lajcák of Slovakia, Daniel Mitov of Bulgarian and Bogdan Aurescu of Romania – that gas distribution networks of the signatories will be linked and made suitable for bi-directional supplies, thereby significantly increasing the energy security of the countries involved.

In light of the dropping of plans to construct the Nabucco and South Stream pipelines, countries in the region need to find new gas sources and supply routes, Mr. Szijjártó said. “Before gas systems of the region are integrated and a major, strategic gas pipeline is built there is no energy security in central Europe,” the minister said. Mr. Szijjártó added that signatories to the deal will jointly apply for European Union funds to complete their own budgets for the construction.

He said that improving energy security in the region was in line with the interests of the whole community.

via hungarymatters.hu
photo: minap.hu