Romania could expand gas supply infrastructure to Hungary in 2 years

Newsroom 08/06/2016 | 17:01

The ministry of Economy, Costin Borc, and the ministry of External Affairs and Trade, Peter Szijjarto, discussed within the meeting of ministries of China and the Central and Eastern Europe from Ningbo, China and agreed that in the next two years Romania will finish the necessary investments to supply natural gas to Hungary.

Morover the two ministers agreed to raise the number of passing points of the border between Romania and Hungary. Szijjarto announced that the Hungarian bank opened a line credit of EUR 370 million in order to support the Hungarian and Romanian affairs, saying that MOL group, the medical drugs producer Richter, the energy company MVM and the low-cost Wizz Air air line also increased their investments in Romania.

Szijjarto underlined the fact that last year Romania was the second big export market of Hungary, after Germany and the trade volume change exceeded EUR 7.3 billion.

The gas pipe Arad-Szeged was put into operation in 2010 and currently the gas can be transported only from Hungary and Romania. The interconnection was supported by the EU within the European program of economic recovery in energy field (EEPR) launched by the European Council as a result of gas crisis from January 2009, according to Agerpres newswire.


Georgiana Bendre

BR Magazine | Latest Issue

Download PDF or read online: September 2022 Issue | Business Review Magazine

The September 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Transilvania Investments paves its way to a sustainable
Newsroom | 21/09/2022 | 14:17

You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

I agree with the Privacy policy of
I agree with the storage and handling of my data by

Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue