(MENAFN) According to Tamas Menczer, a member of parliament and state secretary for foreign affairs, Hungary won't be able to quickly replace the oil and natural gas it receives from Russia.

Menczer claimed that the Turkish Stream pipeline, which supplies the majority of Hungary's yearly supply of natural gas, and continuous oil imports from Russia were the two essential requirements for the country's energy security.

He clarified, “Russian gas accounts for 85 percent of Hungary's gas consumption and 65 percent of oil demand. This cannot be changed overnight.” On the other hand, the source announced that although Hungary is continuously searching for ways to diversify its supply, every possibility that is presently being considered has disadvantages.

“Experts see three possibilities for diversification: we could increase the capacity of the LNG terminal in Croatia…second thing is to start production in the Romanian Neptun gas field...Thirdly, we could import gas from Azerbaijan,” Menczer declared, noting that all three “require much money, time and serious infrastructural developments, so Russian gas cannot be replaced at the moment.”

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