Russia says Hungary could join Turkish Stream
By Trend
Hungary can join the Nord Stream and Turkish Stream gas pipeline projects in the future, said Russian presidential aide Yury Ushakov.
He made the remarks on the eve of Russian President Vladimir Putin’s visit to Hungary, Russian media outlets reported.
Ushakov pointed out that Russia accounts for over 75 percent of oil and 60 percent of gas consumption in Hungary.
Russia and Turkey signed an intergovernmental agreement October 10 on the implementation of the Turkish Stream project.
The agreement involves construction of two branches of the main gas pipeline under the Black Sea, the power of each branch being 15.75 billion cubic meters of gas.
One branch is provided to supply gas directly to the Turkish market, the other for the supply of gas by transit through Turkey to Europe. The intergovernmental agreement also stipulates that these two offshore branches should be built by December 2019.
Nord Stream is an export gas pipeline running from Russia to Europe across the Baltic Sea. As it bypasses transit countries, Nord Stream provides Gazprom with direct access to European consumers.
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