Serbia and Hungary have built a gas pipeline bypassing Ukraine to export Russian gas

The Serbian company Srbijagas and the Hungarian FGSZ have completed the construction of a linear part of the gas pipeline-bridge between the two countries, which Hungary will be able to receive Russian gas through the Black Sea gas pipeline, and not through Ukraine.

In Serbia, welding of the “golden” joint of the gas pipeline on the border with Hungary was reported.

Gas supplies on the new route should start on October 1 (from the beginning of the new gas year).

The Balkan Stream gas pipeline is a continuation of the Turkish Stream. Last year, Bulgaria and Greece received almost all of their gas on the new route through the Turkish Stream, not through Ukraine.

The Turkish Stream gas pipeline, which carries Russian gas across the Black Sea to Turkey and further south into Europe, opened in January 2020. The first to receive gas were Turkey, Bulgaria, Greece, Macedonia and Romania.

From the beginning of 2021, Serbia, as well as Bosnia and Herzegovina, received gas on the new route.

It is planned that the gas of the “Turkish Stream” through Serbia should reach Hungary and Austria.

The first stage of creating a bridge between Serbia and Hungary with a capacity of 6 billion cubic meters is currently being implemented. m per year. It provides for the construction of 15 km of linear line.

Expansion of the bridge to a capacity of 8.5 billion cubic meters. m per year postponed from October 2022 to October 2023 because Hungarian gas companies and officials feared US sanctions.

On July 15, 2020, the US Department of State issued a new clarification to Section 232 of the Anti-American Opposition to Sanctions Act (CAATSA), which provides for the possibility of imposing sanctions on those who invest in Russian export energy pipeline projects.

The clarification expanded the possibility of imposing sanctions on those who invest (or provide goods or services), directly and significantly contribute to the construction of the Nord Stream 2 gas pipeline and the second line of the Turkish Stream gas pipeline.

Note that Hungary in 2020 received 8.637 billion cubic meters. m of Russian gas.

(c)INDUSTRIAL PORTAL UKRAINE 2021

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