Russian President Vladimir Putin has announced that the building of an extension of the Turkish Stream gas pipeline to Hungary is possible.
“I do not exclude that after the completion of the Turkish Stream, one of the onshore extensions of this pipeline can pass through Hungary”, Vladimir Putin said at a press conference following the Russian-Hungarian talks in Moscow. The event was broadcast by the Rossiya 24 television channel.
According to the President, the possibility of engaging the Hungarian partners in the establishment of new routes of Russian gas supplies to Europe is being considered.
As a reference, Turkish Stream is a project of a gas export pipeline running from Russia to Turkey across the Black Sea and further to the Turkish border with neighboring countries. The first string of the gas pipeline is designed for the Turkish market, while the second one is intended for gas supplies to the countries of South and South-Eastern Europe. The capacity of each string amounts to 15,75 billion cubic meters of gas per year. On October 10, 2016, Russia and Turkey signed an intergovernmental agreement providing for the implementation of the Turkish Stream project.