Investment decision made to continue TurkStream to Hungary, pipeline to be finished by Oct 2021
MOSCOW. June 29 (Interfax) - The supervisory board of Hungarian gas transport operator FGSZ has approved investment in the construction of a gas pipeline from Serbia with capacity for 6 billion cubic meters per year, FGSZ said.
The new interconnector is supposed to be completed by October 1, 2021.
The board approved the investment in line with the Hungarian Energy and Public Utility Regulatory Authority's (MEKH) decision earlier in June to approve the company's 10-year development plan proposal, which includes the development of the new Serbian-Hungarian interconnector, FGSZ said.
It is expected that the interconnector might carry gas supplied from Russia through the TurkStream pipeline.
Russian gas giant Gazprom has finished building two strings of the offshore TurkStream pipeline across the Black Sea. One of the strings, each of which can carry 15.75 bcm of gas per year, is intended for the Turkish market and the second is aimed at the European market, with an extension running through Bulgaria, Serbia and Hungary.
The new pipeline system, bypassing Ukraine, has already delivered gas to western Turkey, Bulgaria, Greece, Macedonia and Romania. Bulgaria is building a pipeline to Serbia. The Serbian section is already completed.