Europe > Eastern Europe > Hungary > Romania will Export Gas to Hungary Before End-of-Year

Hungary: Romania will Export Gas to Hungary Before End-of-Year

2013/09/05

Romania will begin to export small amounts of natural gas to Hungary via the Arad-Szeged pipeline in December 2013. The pipeline was inaugurated in 2010 to bring gas to Romania, a connection supported by the European Commission through the European Program for Economic Recovery in the Energy Field (EEPR).

The Arad-Szeged pipeline was designed to carry, at maximum capacity, 4.4 billion cubic meters (bcm) of gas per year, the equivalent of a third of Romania’s yearly consumption. In order for the pipeline to reach the maximum capacity, €120 million in investments are needed, according to Mediafax.

According to a Transgaz management plan, Hungary and Romania have agreed to make the necessary investments to carry gas both ways through Arad-Szeged pipeline by 2016.

The plan mentions that this project ensures the opportunity to open an “essential” gas transport way from the Black Sea region to the Central and East European markets.

“Taking into account the regional importance of the project, inclunding the high price of the investment , the project was introduced on the EU's mutual interest projects inventory that will be approved by the end of this year,” according to the document.

Romania is working to connect its national natural gas transport systems to Bulgaria, Moldova and Serbia.

Transgaz is controlled by the Public Finance Ministry.

Related Articles

UNWTO: International tourism – strongest half-year results since 2010
2017/09/09 Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010. Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
Ombudsman in Hungary criticizes bill on personal data collection
2017/09/05 The Hungarian government is building a visual surveillance system capable of collecting secret data, the ombudsman for personal data protection Attila Peterfalvi said here on Monday. Following the presentation of the bill by the Ministry of the Interior last week, Peterfalvi, president of the Hungarian National Authority for Data Protection and Freedom of Data (NAIH), spoke on commercial radio Klubradio that "The bill would entrust records of images and sounds made by various authorities to a central data storage organization, treating them uniformly."
Hungary registers trade surplus of 5.4 bln euros in H1 2017
2017/09/05 Hungarian trade surplus reached 5.4 billion euros (6.37 billion U.S. dollars) in the fist six months of 2017, reaching the same level as in the initial half of 2016, Hungarian central statistical office KSH said in a statement Tuesday in Budapest. Exports reached 51 billion euros (60.18 billion dollars), whereas imports amounted to 45.6 billion euros (53.8 billion dollars) in the initial half of the year, according to KSH.
Hungary's economy expands 3.2 percent in Q2
2017/09/04 Hungary's gross domestic product (GDP) slowed to 3.2 % year on year in the second quarter of 2017, from 4.2 % in the initial quarter, according to a preliminary estimate released by the Hungarian Central Statistical Office (KSH) here on Wednesday. Market-based services contributed the majority to increase in the second quarter, KSH said. The volume of GDP rose by 3.7 % in the initial half of 2017 compared to a year before, KSH added.
Hungary recalls its Dutch ambassador following diplomatic clash
2017/09/04 Budapest has recalled its ambassador in the Hague for consultations, and the diplomatic ties of ambassador level will be suspended between the two nations for an undetermined period, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said on Friday. "This is one of the majority radical measures in diplomacy," Szijjarto told reporters. Budapest has recalled its ambassador in the Hague next the outgoing Dutch Ambassador to Hungary Gajus Scheltema harshly criticized the government of Prime Minister Viktor Orban in the political opposition weekly 168 ora (168 hours) issued on Thursday.