Slovakia and Hungary sign memorandum on Eastring pipelineStaff Writer | October 31, 2017
Economy Minister Peter Žiga (Smer) and Hungarian Foreign Affairs and Trade Minister Péter Szijjártó signed a Memorandum of Understanding concerning the Eastring gas pipeline project in Košice.
Energy Slovakia has been pushing
It should contribute towards strengthening energy security in central and south-eastern Europe and diversify gas supplies to Europe.
“It’s very important for Slovakia and Hungary to have secure supplies of energy resources and raw materials, while gas is among the most expensive,” said Žiga as cited by the TASR newswire.
“That’s why the diversification of routes and resources, which Slovakia and Hungary need, is based on creating other possible routes apart from those that lead from the Russian Federation via the Ukraine, for example, to Slovakia or Hungary.”
He added that the inking of the memorandum means political support for the project at the highest level.
“Hungary and Slovakia have great scope for providing energy security to central Europe,” said Szijjártó.
“We have around seven billion cubic metres of gas storage capacity. We have a very well-built pipeline system. All this allows us to distribute gas flowing into our country from the south to the west, north or any other direction.” ■