• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
Meeting of EU energy ministers – The decline in energy supply in Western Europe is also having an impact in HungaryMeeting of EU energy ministers – The decline in energy supply in Western Europe is also having an impact in HungaryMeeting of EU energy ministers – The decline in energy supply in Western Europe is also having an impact in HungaryMeeting of EU energy ministers – The decline in energy supply in Western Europe is also having an impact in Hungary
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Support us
Daily News Daily News · 27/06/2022
· Business

Meeting of EU energy ministers – The decline in energy supply in Western Europe is also having an impact in Hungary

energy EU sanctions against Russia European Union Foreign Affairs Ministry of Hungary Hungary Russia

The fallout of the war in Ukraine and related sanctions has resulted in a vicious circle of skyrocketing energy prices and curbed supply, Péter Szijjártó, the foreign minister, said at a meeting of EU energy ministers in Luxembourg on Monday.

“Even the ‘strong countries’ of western Europe have declared national emergencies due to energy insecurity,” he said.

The European Commission should investigate Russia’s claim that the reduction in volume was because equipment needed to operate the pipeline system had not be returned from Canada due to sanctions, he said.

The falloff in energy supplies to western Europe has been felt in Hungary, too, though not nearly as much as elsewhere, he said.

Szijjarto noted that he had turned to his Russian counterpart, Sergei Lavrov, and Alexander Novak, Russia’s deputy prime minister for energy, who both cited technical problems for the supply crunch.

He said the Hungarian government’s point that energy supply was a physical rather than an ideological or political issue had been vindicated.

Weening the country off Russian gas “is not easy”, he said, adding that Hungary would not back a gas embargo under any circumstances.

  • read also: Russian gas supplies will be cut off for a week in Hungary

Russia supplies 8.5 billion cubic meters of Hungary’s 10 billion cubic meters of annual consumption. Ensuring secure and predictable supplies from other sources in the short to medium term would be impossible, the minister added.

On the subject of joint procurement platforms, Szijjarto said Hungary supported diversification, but participation should be entirely voluntary.

Meanwhile, he noted that Hungarian natural gas storage facilities are 39 percent full at 2.7 billion cubic meters, and this amount is roughly three-quarters of the quantity that EU regulations prescribe for Hungary. The latter accounts for 35 percent of annual consumption, or 3.6 billion cubic meters.

Answering a question, Szijjártó said Hungary had emergency contingencies, regardless of the current situation, but the country’s energy supply was secure for the time being.

Paks nuclear power plant
Read also Government committed to extending Paks nuclear plant’s lifespan
energy EU sanctions against Russia European Union Foreign Affairs Ministry of Hungary Hungary Russia
Share
Daily News
Daily News

Related posts

Ryanair
08/08/2022

Ryanair receives gigantic fine in Hungary!


Read more
mol petrol station hungary
08/08/2022

Important change at MOL petrol stations: this concerns everyone


Read more
Tap water
08/08/2022

Hungarians outraged: 2 dl of tap water cost almost 1 EUR near Balaton!


Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.


Latest news
  • Hungarians will vote about leaving the EU soon?
  • Hungary’s budget surplus is extra high because of the inflation
  • Photo: Croatian journalist saved PM Orbán on the Adriatic Sea!
  • Famous Hollywood movies shot in Hungary
  • Ryanair receives gigantic fine in Hungary!
  • This Dutchman bought an entire Hungarian village – PHOTOS, VIDEO
  • Petition against stepping up firewood production launched
  • Important change at MOL petrol stations: this concerns everyone

About us

Contact us

© 2022 DailyNewsHungary. All rights reserved!