The company operating the TurkStream gas pipeline will move to Hungary from the Netherlands, Minister of Foreign Affairs and Trade Péter Szijjártó said in Moscow on Tuesday.
Hungarian-Russian joint economic committee in Moscow
This will secure the operation of the TurkStream pipeline despite all legal and financial attacks, the minister said.
Speaking at a meeting of the Hungarian-Russian joint economic committee, Szijjártó said Hungary’s secure energy supply cannot function without Russia today, and this is not a political or ideological issue, but a physical one. Without this energy cooperation, household energy prices could increase threefold in Hungary, he added.
Fight with Kyiv and Brussels
“The prime minister concluded the necessary agreements in Washington and here in Moscow so that our energy cooperation can continue without disruption. At the same time, we must fight with Brussels and Kyiv to ensure that our energy supply is secure in the long term,” he said.
“Our energy cooperation is constantly being attacked legally from Brussels, and the oil pipeline is being attacked physically from Kyiv,” Szijjártó went on.
TurkStream operator to move to Hungary
“Therefore, we decided to move the company operating the TurkStream gas pipeline from the Netherlands to Hungary,” Szijjártó said.
The minister then assured Hungarian oil and gas company MOL’s investments in Russia of his support, expressing hope that this success story will be expanded with new elements.
“It is clear that the ownership structure in the international energy market will change significantly due to the sanctions environment. There are two Hungarian companies that are strong enough to sit at the negotiating table in such a case, and we support both companies in being able to conduct successful negotiations in this international energy market situation turned upside down,” he said.
Read also:
- Hungarian energy company prepared for transition away from Russian gas: consumers may face price increases
- Hungary’s new energy plan quietly redefines Russia as a risk
Click for more Russia-related articles.
Again three times will big more expensive the gas?!!!
When those people would stop lying!!!!!!
Hungary once again is on the wrong side of history. It pays dearly every time it makes the same mistake. It lost its’ land, it got 46 years of Russian occupation, its’ losing 18 billion euros in funding with its’ corruption and Russian allied government. Hungarians live the lives of lesser people and they bring it all on themselves.
I believe Hungarians suffer some kind of Stockholm syndrome or something like that. I mean they love for Russia despite what happened in the past is just inexplicable. Heck even the poles are smarter than Hungarians in this regard.
The only reason why these “Hungarian companies” are allowed to negotiate is because Hungary is an EU Member … The irony.