Hungary Signs Deal to Get Gas from TurkStream Pipeline
Hungary has signed an agreement with Gazprom to receive gas from the company’s TurkStream Pipeline.
The agreement was reached during a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Peter Szijjarto, Minister of Foreign Affairs and Trade of Hungary, that took place in Moscow. At the meeting, Miller and Szijjarto discussed the prospects of developing gas transmission capacities in Hungary, along with gas storage, and the possibility of transporting gas to other countries.
The TurkStream Pipeline will consist of two branches. The first will deliver Russian natural gas directly to Turkey and is expected to be finished in 2018. The second branch is expected to deliver gas to European customers. Both branches will have a maximum capacity of 15.75 billion cubic meters.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments