(MENAFN) Hungary cannot replace the oil and natural gas it receives from Russia in the short term, member of parliament and State Secretary for Foreign Affairs, Tamas Menczer, updated M1 TV channel on Friday.
Menczer announced both fundamental conditions for Hungarian energy security carried on crude imports from Russia and the smooth operation of the Turkish Stream pipeline through which the nation takes most of its yearly supply of natural gas.
“Russian gas accounts for 85 percent of Hungary's gas consumption and 65 percent of oil demand. This cannot be changed overnight,” he also clarified.
As said by the official, Hungary is continually seeking chances to expand deliveries, but all the options now under consideration have 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 said, 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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