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Czech Republic Finishes Pipeline Extension, Ending Reliance on Russian Oil

  • The Czech Republic has completed an expansion to the Transalpine Pipeline, ending its reliance on Russian oil, as announced by Prime Minister Petr Fiala.
  • The expansion doubles the country's oil import capacity to eight million tons per year and cost 1.5 billion Czech Koruna .
  • Finance Minister Zbynek Stanjura stated that Meros revenues will cover the costs of the project, ensuring it will not burden the state budget.
  • Fiala emphasized that the completion guarantees energy independence, stating, 'Russia can no longer blackmail us.
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Portfolio.hu broke the news in on Tuesday, January 14, 2025.
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