Hungary joins AGRI LNG Interconnector gas supply project

15/09/2010 00:14 Natural Gas

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Hungary has signed an agreement with Azerbaijan, Romania and Georgia to join the Azerbaijan-Georgia-Romania Interconnector (AGRI) project, which would help diversify energy supply as the Hungarian government said on Tuesday.

Hungary uses 14 billion cubic metres of gas per year, 80 percent relying on Russia. The AGRI project is expected to bring about 2 billion to 8 billion cubic metres of natural gas from the shores of the Caspian Sea to southeast and central Europe with the support of liquefied gas terminals (LNG) in Georgia and in Romania. After transporting the LNG in tankers to Romania, regasified natural gas would be transported via existing gas pipelines to European countries. Nabucco gas pipeline project still remains a priority for Hungary, the pipeline expected to bring up to 31 billion cubic metres of gas a year from the Caspian region to an Austrian gas hub via Turkey and Eastern Europe.

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