icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
13 Aug, 2022 14:57

Russia boosts gas supply to EU nation

Gazprom has sent additional volumes of gas to Hungary via Turkstream
Russia boosts gas supply to EU nation

Russian energy giant Gazprom has increased gas supplies to Hungary via the TurkStream pipeline, a Hungarian official confirmed on Saturday. 

According to Foreign Ministry State Secretary Tamas Menczer, the Russian company stepped up flows to Hungary by 2.6 million cubic meters per day starting Friday and for the rest of August. The extra supplies are being delivered by the TurkStream pipeline that brings gas to Hungary via Serbia. 

“The Hungarian government had previously decided to purchase some 700 million cubic meters of natural gas in addition to the already contracted volumes,” the official posted in his Facebook account. 

Menczer added that the nation is currently in talks with Moscow about additional volumes for September. 

Hungary, which is about 85% dependent on Russian gas, is trying to bolster its reserves before the cold season. Budapest has been strongly opposing calls to introduce EU sanctions on Russian gas imports. The country’s prime minister, Viktor Orban, has also managed to secure an exemption from the bloc’s sanctions on Russian crude oil imports. 

Hungary along with Poland refused to support the EU’s rationing plan aimed at cutting gas consumption by 15%.   

Under a deal signed with Gazprom last year, Hungary receives 3.5 billion cubic meters of gas per year via Bulgaria and Serbia, and a further 1 billion cubic meters via a pipeline from Austria.

For more stories on economy & finance visit RT's business section