Hungary braces for energy crunch as Ukraine shuts gas tap
"By the end of the year, Russian gas transit through Ukraine will cease. This could be a
significant setback for Hungary, Slovakia, and Austria, which have benefited from excluding these supplies from sanctions. Kyiv has consistently stated that the agreement with Gazprom regarding the transit of Russian gas through Ukrainian territory expires at the end of 2024, and
there will be no further negotiations with the invader. This means Russian gas will not continue to Slovakia, Hungary, Austria, and the Czech Republic through the southern "Friendship" pipeline. The pipeline, capable of transporting up to 1.4 billion cubic feet of gas daily, will be shut off from Russian resources.
Does closing the route for Russian gas transit through Ukraine mean Hungary will be cut off from gas? Not necessarily, as Moscow cooperates with Turkey via the TurkStream pipeline to deliver gas to European customers.
In 2023, a significant amount of Russian gas flowed through this route. However, the pipeline's capacity is limited.
TurkStream transports 494 billion cubic feet of gas to Europe through two export lines, with a total capacity of 1.13 trillion cubic feet. However, other deliveries not originating from Russia also occur via the Black Sea.
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