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Oil Pipeline and Further Agreements between Serbia and Hungary

MTI-Hungary Today 2023.06.21.
Hungarian Prime Minister, Viktor Orbán, Hungarian President, Katalin Novák, Serbian President, Aleksandar Vucic, and Serbian Prime Minister, Ana Brnabic (l-r).

An agreement on the construction of a new oil pipeline between Hungary and Serbia was signed, and a joint regional gas trading company between MVM and Srbijagas will be established, the Hungarian Foreign Minister said Tuesday in Palic, Serbia.

At the meeting of the Hungarian-Serbian Strategic Council, Péter Szijjártó described the construction of the oil pipeline between Algyő (large village in the Southern part of Hungary) and Novi Sad (capital of the autonomous province of Vojvodina) as perhaps the most important agreement between the two countries so far. He also stressed that the joint regional gas trading company of MVM and Srbijagas should start operations this fall.

Today, Hungary’s energy security is unthinkable without Serbia, and vice versa.

Most of our country’s natural gas supplies come to us through Serbia, and we store more than 100 million cubic meters for the Serbs,” the politician highlighted.

Szijjártó emphasized that the most modern border crossing in Europe should be built between Röszke (village on the border of southern Hungary) and Horgos (village on the Hungarian-Serbian border), as subsequent improvements are not a real solution.

He also pointed out that for the first time, Hungary has concluded an agreement with another country on the establishment of joint diplomatic missions, which will allow both sides to expand their diplomatic network. Initially, the Serbian Embassy will host the Hungarian mission in Kinshasa, Congo, and the Hungarian Embassy will host the Serbian mission in Valletta, Malta.

Hungary has an interest in an orderly and developed Serbia,

the Hungarian Prime Minister stressed in Palic, where the Hungarian-Serbian Council for Strategic Cooperation was established.

Serbian President, Aleksandar Vucic, announced the signing of twelve agreements between Hungary and Serbia that will make life easier for both nations.

These include the document on the establishment of the Hungarian-Serbian Strategic Cooperation Council, as well as agreements on foreign policy cooperation, border protection, border traffic control, and the construction of an oil pipeline between Hungary and Serbia. Moreover, agreements on European integration, exchange, and protection of classified information, infrastructure, agriculture, defense, and customs cooperation were also signed by the relevant ministers and heads of institutions. In addition, a contract was signed between Serbian Gas Works and MVM for the joint SERBHUNGAS Voivodina Ltd.

We have reached a new chapter in the golden era of Hungarian-Serbian relations,”

emphasized the Hungarian President, Katalin Novák, at the press conference on the occasion of the establishment of the Hungarian-Serbian Council for Strategic Cooperation. Serbian Prime Minister, Ana Brnabic, called the establishment of the Council a historic event. “Serbia has no closer relations with anyone than with Hungary,” she underlined.

Hungary and Serbia to Build a New Oil Pipeline
Hungary and Serbia to Build a New Oil Pipeline

The Hungarian-Serbian strategic energy cooperation is one of the guarantees that Hungary's energy supply will be secure in the coming period.Continue reading

Via Ungarn Heute, Featured image via Facebook/Orbán Viktor

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