December 30th, 2009
topics:

Hungary calls for regional energy strategy following Russian oil cutoff threat

Hungary has initiated a summit of the four Visegrád countries to discuss energy supply, Foreign Minister Péter Balázs told Népszabadság after Russia yesterday threatened to cut off oil shipments through Ukraine.

The two countries subsequently reached an agreement on Monday evening, which could be signed in the next two days.

A Visegrád summit could be held next month in Budapest to co-coordinate the energy supply to Central European countries and create a common position in energy issues, Balázs said.

Slovak Prime Minister Robert Fico yesterday announced that Russia had threatened to cut off oil shipments to his country, the Czech Republic and Hungary, due to an impending dispute with Ukraine. He had been so informed by the European Commission, which had been notified by Russian authorities.

In recent years, disputes between Russia and Ukraine led to the shutdown of gas deliveries to many European countries in the midst of the winter season.

Hungary is well-prepared for any possible interruption of oil deliveries, said Lajos Oláh, state secretary at the Transport and Energy Ministry. The country has three months of reserves, he noted.

Topics
Share
Comments
The All Hungary Media Group is firmly committed to freedom of expression and therefore applies a mostly "hands off" approach to comment moderation. Comments left by readers represent their own views and do not necessarily reflect the opinions or beliefs of the staff, editors or owner of the All Hungary Media Group, who nonetheless reserve the right to remove comments that are off-topic or which moderators consider to constitute "hate speech." Also note that in order to prevent spam we generally close entries off to comments several days after publication.

Comments are closed.