Related reading: EU seeks to address the transit of Russian gas from Ukraine.
Recently, the Minister of Foreign Affairs and Foreign Economic Relations of Hungary, Peter Szijjártó, said on a *** that due to"Turkish Stream"(Turkish Stream) is able to deliver ** gas to Hungary, which does not need transit through Ukraine to ensure the security of energy resources**.
At present, Russian gas to Europe is mainly through two pipelines, one through one entry point of the Ukrainian gas transmission system, and the other through it"Turkish Stream"Delivered to Turkey and thus to Europe, the Turkish pipeline project consists of two pipelines, the first of which is responsible for transporting gas to Turkey, while the second pipeline transports gas through Turkish territory to southern and southeastern Europe.
Russia and Ukraine signed a five-year gas transit contract at the end of 2019. Under the contract, Gazprom guarantees the delivery of 65 billion cubic meters of gas in the first year and 40 billion cubic meters per year for the next four years. Russian gas is delivered through Ukraine to countries such as Austria, Slovakia, Italy and Hungary.
The contract is valid until the end of 2024. However, at the end of October last year, the head of 'Ukrainian oil and gas' (NAFTOGAZ), Alexei Chernyshov, announced that Ukraine does not intend to renew the contract, but after the expiration of the contract, transit transportation will be possible only if the Ukrainian gas transmission system is rented.
Another Yamal-Europe pipeline, which is also an important Russian gas supply to Europe, stopped gas deliveries in May 2022 and switched to running the Turkish pipeline at full capacity.
Through the analysis of the data, since February 2022, the EU has seen a surge in the cost of gas imports in just 20 months, paying about 185 billion euros in overpayments, bringing total spending to 304 billion euros, a figure that would have taken several years to accumulate before the sanctions.
Combined with recent reports, Russia's Putin previously said in an interview that he considers Turkey to be the "most reliable partner" in the energy sector.
Information**: Summary of public reports from multiple parties, for reference only.