Hungary and Azerbaijan signed an agreement on the setting up of an energy working group to prepare for the transportation of Azerbaijani gas, bypassing Ukraine from 2021.
The agreement was signed by Minister of Foreign Affairs and Trade Péter Szijjártó and his Azerbaijani counterpart Parviz Shahbazov in Baku on March 29.
The Hungarian minister drew attention to the fact that the conflict between Russia and Ukraine is having an extremely serious effect on the Central European region, since the agreement on the transit of gas from Russia via Ukraine after 2019 has still not been concluded.
“This represents a particularly serious challenge for Hungary in view of the fact that over half of Russian gas imports to Hungary arrive via Ukraine,” said Szijjártó.
According to the minister, the agreement with Azerbaijan will help strengthen Hungary’s energy security and contribute to the diversification of gas supplies.
As The Journalist reported, Ukraine is ready to give Hungary and other countries its gas reserves from storage facilities.