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Hungary starts exporting gas to Ukraine

Hungría, gas, exportación, Ucrania

Hungary starts exporting gas to Ukraine

Budapest, Feb 1 (Prensa Latina) Hungary began exporting gas to Ukraine, official sources reported on Tuesday.
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Therefore, the country becomes the second guaranteed route to supply fuel to Ukraine after Slovakia.

Through an greement between the state company FGSZ and its Ukrainian counterpart, GTS, it will be possible to guarantee the transportation of natural gas from Hungary to Ukraine until September 30 2022.

The agreement between the two parties will allow the physical transport of up to eight million cubic meters of natural gas to Ukraine per day (2.9 billion cubic meters per year).

The daily 27 million cubic meters already exported by Slovakia increases the total capacity to 35 million cubic meters per day.

Since November 2015, Kiev have not bought Russian gas directly, replacing it with the so-called virtual reverse of the European countries.

Supposedly this means that Ukraine formally buys gas from European companies, but it actually takes some of the fuel in transit from Russia to the region.

Thus, the gas does not physically cross the western border of Ukraine, but is registered as imported from Europe.


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