On Friday, the supervisory board of the Hungarian gas pipeline operator FGSZ approved a plan to invest in the construction of a gas pipeline to Serbia with an annual capacity of six billion cubic meters, the company said.
According to the document, the capacity of the southern branch of the pipeline – which borders Serbia – must be reached by October 2021.
Hungarian Foreign Minister Peter Siarto said last spring that Hungary had begun talks with Russia on increasing gas supplies to 4.2 billion cubic meters.
Budapest is interested in “the possibility of buying Russian gas through the Turkish stream that goes through Turkey and Bulgaria, until the end of next year,” he said.
The Turkish Stream project is a gas pipeline that consists of two branches, each of which can carry 15.75 billion cubic meters of gas a year.
The first branch is intended for the Turkish market, while the second branch should supply the countries of southern and southeastern Europe.
Gazprom is considering potential markets in Greece, Italy, Bulgaria, Serbia and Hungary, Nova reports.
