Hungary Says It Can Quit Russian Gas Within a Year
The minister said Hungary has adequate storage and no supply problems as it weighs reactor changes, pipeline use and a targeted diesel subsidy.
- Energy Minister István Kapitány said Hungary could be ready to end its dependence on Russian gas by October next year, in line with the European Union deadline, according to an interview with Telex.
- Russian gas has historically been the most economical option rather than due to unavailable alternatives. The Minister stressed that additional storage together with solar and wind power will reduce Hungarian exposure to energy imports.
- Hungarian solar capacity has exceeded 8,000 megawatts, though storage growth lags. The country is discussing greater use of the Adriatic oil pipeline with Croatia to operate it at full capacity.
- The government plans to provide a monthly HUF 5,000 diesel subsidy to a targeted group of motorists, with around 900,000 to 1 million drivers expected to qualify for the measure.
- Authorities are examining whether to extend the operating lifetime of existing Paks I reactors beyond 2032 for another 20 years, while a government review of the Paks II nuclear project is expected by year-end.
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The Government is also reviewing the project for the expansion of the nuclear power plant in which the Russian Federation is participating.
Hungary could give up Russian gas, according to Minister of Economy and Energy, István Kapitany, who also presented plans for the Paks power plant, renewable energy and specific support for the engine, writes Daily News...
The Hungarian Minister of Energy has stated that Russian gas is the country's most profitable gas, but Budapest is prepared to follow the EU ban and completely phase out Gazprom by October next year, unless there are unforeseen circumstances.
The country has sufficient gas pipelines to purchase gas from other sources at competitive prices, and has announced in the new Government of Madyar.
Hungary's energy minister shares when the country could leave Russian gas
Hungary could secure its gas supply without the need of Russian resources, according to Economy and Energy Minister István Kapitány, who also outlined plans for Paks, renewable energy and targeted diesel support. Continue reading: https://dailynewshungary.com/hungary-energy-minister-leave-russian-gas/
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