Hungary, Russia and Serbia revive the South Stream gas pipeline project - FM Péter Szijjártó

Sunday, June 4, 2017

Hungary, Russia and Serbia started negotiations on the revival of the South Stream gas pipeline, which will be somewhat smaller in capacity than the original project was that the European Union torpedoed many years ago said Péter Szijjártó, Minister of Foreign Affairs and Foreign Affairs on Friday in St. Petersburg to MTI by phone.

The original project had been abandoned in 2014 as the European Union intimidated Bulgaria that as a result, withdrew from the project

Szijjártó discussed the issue of resuscitating the South Stream pipeline project with Russian Minister of Energy Alexander Novak, Gazprom CEO Alexei Miller, Russian Foreign Minister Sergei Lavrov and Serbian Foreign Minister Ivica Dacic at the International Economic Forum earlier the week in St. Petersburg.

The foreign minister noted that the Hungarian government will review the plan with the Vice-President of the European Commission responsible for energy policy and with the government of Bulgaria as soon as possible.

"Hungary's fundamental interest is to diversify natural gas imports in order to ensure the country's energy security - which means that within a short time, another pipeline must be constructed," said Szijjártó.

The foreign minister explained that Russia was quite ready to revive the project; in Hungary and Serbia everything is ready to start the construction of the pipeline, as in both countries the joint ventures formed before are still operational with the necessary permits already approved.

There is no realistic counter-argument against the construction of this gas pipeline, because the concerns that had previously been raised against the Southern Stream could be raised against the North Stream 2 pipeline as well yet, the European Commission did not raise those concerns when approved it said Szijjártó.

(MTI –


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