Press

Gazprom’s Gas Exports to Hungary in 2018 Exceed Last Year’s Total


A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Norbert Konkoly, Ambassador Extraordinary and Plenipotentiary of Hungary to the Russian Federation, took place in St. Petersburg today. Also present was Gyorgy Kobor, who had been appointed as Chairman of the Board of Directors and Chief Executive Officer of the Hungarian energy company MVM in October 2018.

The meeting touched upon, inter alia, gas exports to Hungary. It was noted that, from January 1 through November 28, 2018, Gazprom had delivered 7.1 billion cubic meters of gas to the country, topping the total for 2017 (7 billion cubic meters of gas).

The parties discussed the diversification of Russian gas supply routes to Europe, focusing on the progress of the TurkStream and Nord Stream 2 projects and the development of the Hungarian gas transmission infrastructure.

TurkStream gas pipeline

TurkStream gas pipeline

Nord Stream and Nord Stream 2 gas pipelines

Nord Stream and Nord Stream 2 gas pipelines

Background

In 2017, Gazprom supplied Hungary with 7 billion cubic meters of gas, an increase of 21.9 per cent against 2016 (5.7 billion cubic meters).

MVM is a Hungarian state-owned group of companies focused on power and heat generation and marketing, as well as gas pipeline construction, gas storage and sales, and telecommunication services.

On July 5, 2017, Alexey Miller, Chairman of the Gazprom Management Committee, and Peter Szijjarto, Minister of Foreign Affairs and Trade of Hungary, signed a roadmap to implement a number of measures aimed at developing Hungary's gas transmission system.

TurkStream is the project for a gas pipeline stretching across the Black Sea from Russia to Turkey and further to Turkey's border with neighboring countries. The first string of TurkStream is intended for Turkish consumers, while the second string will deliver gas to southern and southeastern Europe. Each string will have the throughput capacity of 15.75 billion cubic meters of gas per year.

Nord Stream 2 is the construction project for a gas pipeline with the annual capacity of 55 billion cubic meters from Russia to Germany across the Baltic Sea.


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