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GTSOU head expects halt of gas transit to Hungary through Ukraine
KYIV. Sept 27 (Interfax-Ukraine) – Head of Gas Transmission System Operator of Ukraine (GTSOU) Serhiy Makogon expects a significant reduction or a complete halt in the transit of natural gas to Hungary through Ukraine.
"A striking example of the Kremlin’s policy towards Ukraine: as soon as it becomes technically possible to bypass Ukraine in the transit of gas, Gazprom launches gas through longer, but its own transit pipelines. Despite the contract, until 2024, we expect a significant further reduction or complete stop of transit to Hungary through Ukraine," he wrote on his Facebook page.
In this regard, Makogon stressed that the technical completion of the Nord Stream 2 pipeline creates critical risks for the existing transit through Ukraine and the extension of the contract after 2024.
As reported, MVM Group and Gazprom Export in Budapest on September 27, 2021 signed a new long-term contract for the supply of gas to Hungary. The new document is designed for 15 years with the possibility of changing the conditions in 10 years. Hungary will receive 4.5 billion cubic meters of gas per year: 3.5 billion cubic meters through Serbia (through the TurkStream gas pipeline and its overland extensions) and 1 billion cubic meters – through Austria.
The Ukrainian Foreign Ministry expressed bewilderment and disappointment with Hungary’s decision to sign a new long-term contract with Gazprom to supply gas bypassing the country.
According to the Foreign Ministry, it is more profitable for Hungary to receive gas in transit through the extensive gas transportation system of Ukraine, which allows uninterrupted supply of gas to European countries by the shortest route.
The Ukrainian side will apply to the European Commission to assess the compliance of the new Hungarian-Russian gas agreement with European energy legislation.
