Central Europe will continue to be a customer for Russian gas, says South Stream Hungary representative

Central Europe will continue to be a customer for Russian gas, says South Stream Hungary representative:

"In his appearance at South Stream: the Evolution of a Pipeline in Budapest, Hungary, György Harmati, Strategic Director and Chairman of the Board, South Stream Hungary, said a fundamental part of the Hungarian energy strategy was diversification.

He stated: “Both projects – South Stream and Hungarian – Slovakian interconnector – serve the purpose to diversify import routes and through this increasing the security of supply and reducing the cost and price of imports.”

Mr. Harmati, who is also Strategic Director at MVM, the Hungarian electricity company, pledged to only list the benefits of building South Stream specifically for MVM.

“First of all, we believe that it is a profitable investment. Usually, this alone should be enough to argue for participation. The second reason is that MVM, as the biggest gas importer, biggest gas wholesaler and the biggest gas storage company in Hungary, treats Gazprom as a partner on the Hungarian market."

'via Blog this'