croatia hungary

Hungary and Croatia will turn to the European Commission on the matter of fixing tariffs for the delivery of gas from the LNG terminal under construction on the Croatian island of Krk to Hungary, Foreign Minister Péter Szijjártó said after meeting with Croatian Minister of Environmental Protection and Energy Tomislav Coric in Budapest on Tuesday.

Hungary could take delivery of 1.7 billion cubic metres of gas a year from the terminal which has capacity of 2.6 billion cubic metres, Szijjártó said.

The LNG terminal presents an opportunity to diversify Hungary’s energy supply in the period after 2020, when its long-term gas supply contract with Russia expires, he added.

The other realistic alternative is taking deliveries of gas extracted by ExxonMobil and OMV Petrom in the Black Sea, Szijjártó said.

Coric welcomed Hungary’s interest in contracting capacity of the Krk LNG terminal.

He said the project was of strategic interest for the EU, noting that the EC has supported it with 100 million euros.

Source: MTI

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