Serbia, Hungary Sign Memorandum of Understanding to Continue Cooperation in Energy Sector | Beta Briefing

Serbia, Hungary Sign Memorandum of Understanding to Continue Cooperation in Energy Sector

Source: Beta
SEE Business / Serbia | 13.06.22 | access_time 10:57

Peter Szijjarto, Sinisa Mali (BETAPHOTO/MILAN OBRADOVIC)

Serbian Finance Minister Sinisa Mali met in Belgrade, on June 10, with Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto, to sign a memorandum of understanding on resuming bilateral ties in the energy sector.

“We have signed important agreements and contracts that guarantee the citizens of Serbia safe and steady gas supplies ahead of winter,” Minister Mali said, recalling that during a May 25 visit to Budapest Szijjarto and he signed a specific contract on cooperation in the energy sector pertaining to the supply of crude oil and gas. Mali said that aside from cooperation with respect to oil, the agreement also covered power supplies from a third party, and the construction of a new interconnector between Hungary and Serbia to secure the sufficient capacity of power lines to deliver electricity.

Szijjarto said that the contract provided for unhindered gas supplies in the coming period. “Hungary’s role in suppying energy across the region is important. The additional bilateral agreement is important in order to link the two states’ electricity markets. We have similar links with Slovenia, contributing to the safety of supplies and the transmission of electricity and expanding capacities as well,” the Hungarian minister explained.

info
To get full access to all content of interest see our
Subscription offer
Or
Register for free
And read up to 5 articles each month.

Already have an account? Please Log in.

Related Articles

Latest News