Sectors

Regions

Sections

Forecasts & Analysis

Market commentary

Reference & Archive

LNG

Hungary plays LNG card ahead of Gazprom talks

Hungary and Slovenia have launched a market assessment on a bidirectional corridor that would give access to Italy's Adriatic LNG terminal, but it may just be a way of lowering the cost of Russian supplies Hungary and Slovenia have launched a market assessment on a bidirectional corridor that would give access to Italy's Adriatic LNG terminal, but it may just be a way of lowering the cost of Russian supplies.
By Silvia Favasuli 27 September 2018 0 32704
FGSZ pipeline connections between Hungary and Croatia FGSZ pipeline connections between Hungary and Croatia. (EC)

Hungary’s plan to source LNG from Italy via a new pipeline lacks an economic rationale but could still act as a negotiating tool to secure lower prices from Russia’s Gazprom. 

Hungarian transmission system operator (TSO) FGSZ announced on 6 September that it was launching a non-binding market assessment on an Italy-Slovenia-Hungary bidirectional gas corridor together with its Slovenian counterpart, Plinovodi.

The pipeline includes the development of a physical connection between Pince in Slovenia and Tornyiszentmiklós in Hungary, and the strengthening of the existing capacity at the interconnection...