A forthcoming contract for the import of natural gas from Romania is going to end the “age of the Russian gas monopoly in Hungary”, AP Hungary’s prime minister stated on February 9, 2018.
Viktor Orban, Prime Minister of Hungary, said that the country is planning to get over 4 billion cu m (141 billion cubic feet) of natural gas per year from Romania putting Hungary in a new and more favorable “geostrategic situation”.
He said after a meeting with Ana Brnabic, Prime Minister of Serbia, he announced “with due modesty but happily” that the age of the Russian gas monopoly in Hungary was ending. It’s a totally new situation not only for Hungary, but for the whole region.
Orban said that Hungary had already constructed a pipeline link to Romania and Romania’s link to Hungary was “under construction now”.
He said that the diversification of energy sources puts Hungary in a “new geostrategic position, which is more favorable than before”.
Hungary is currently highly dependent on Russia’s oil and gas imports. Russia is also expanding the only nuclear power plant in Hungary.
Hungary was forced to use its strategic gas reserves in January 2009 and to ration the industrial use of natural gas when Russian gas supply to Europe was temporarily suspended because of a pricing dispute between Ukraine and Moscow.
Hungary sent some of its gas reserves to Serbia, which suffered from the crisis even more.