Liquefied natural gas (LNG) exports from Central and South America will play an increasingly important role in the European Union’s energy supply, with Trinidad and Tobago being a key player, Foreign Minister Péter Szijjártó said in Port of Spain on Wednesday.
The foundations of the LNG partnership are in place, and its implementation will coincide with Hungary’s presidency of the Council of the EU in the second half of the year, Szijjártó said, according to a ministry statement.
The minister highlighted the significance of his visit to the Caribbean island country, noting it was the first by a Hungarian foreign minister.
Trinidad and Tobago’s gas reserves are estimated at 300 billion cubic metres, he said, also noting its annual LNG capacities of 20 billion cubic metres.
The island country exported 10 billion cubic metres of LNG last year, with more than 4 billion cubic metres being sold to Europe, Szijjártó said. Also, Trinidad and Tobago reached an agreement with Venezuela on joint extraction and exports, he said.
Illegal migration in Trinidad and Tobago
Szijjártó, who on Wednesday is scheduled to meet Trinidad and Tobago’s foreign, sports and energy ministers, noted the EU’s Global Gateway scheme which supports, among other things, development projects needed to import LNG from the region.
“And this year, a decision was reached on making the operations of the energy and petrochemical industries here more eco-friendly than ever before,” the minister said.
Meanwhile, Szijjártó noted that Trinidad and Tobago’s geographical location makes it a destination for illegal migrants, and that border protection and the assessment of asylum applications were a strict process.
“We agree that the issue of migration raises serious security concerns, which is why combatting illegal migration is not just a Hungarian or European, but also an important global process,” Szijjártó said.
As regards bilateral relations, the minister said bilateral trade turnover had grown 5.5-fold since 2010, and was up 30 percent so far this year.
Szijjártó has talks with Indonesian counterpart 🔄
Indonesian Foreign Minister Retno Marsudi has phoned Péter Szijjártó, Hungary’s minister of foreign affairs and trade, Szijjarto said on Facebook on Wednesday, adding that the talks focused on the security crisis in the Middle East. The two ministers agreed that the international community must concentrate efforts to prevent an escalation in the Middle Eastern region, Szijjártó said.
Should the situation in the Middle East become uncontrollable, together with “an increasingly warlike mood in Europe” it could easily lead to a global security crisis that they “wouldn’t want to imagine”, he said.
Read also:
please make a donation here
Hot news
Considerable financial support for Hungarians living in Ukraine, says Speaker Kövér
The big showdown: Is life better in Romania than Hungary?
Hungarian researchers’ new methodology for replacing GDP: the sustainability turnaround
Russia’s vision for Ukraine in 2045 might include Hungary – What’s the endgame for Moscow?
Orbán cabinet announced considerable wage rise in this sector
Disturbing VIDEO emerged of the murdered American woman’s last hours: she walked hand in hand with her alleged killer
