Hungary interested in importing Neptune Deep gas reserves from Black Sea

  Hungary is interested in diversification and importing gas from the Neptun Deep reserve in the Black Sea, said Peter Szijjarto, the Foreigbn Affairs and Trade minister of Hungary at a press conference on energy topics.   “Now, what the structure of domestic consumption and export of the gas exploited from Neptun Deep will be is your national decision. Once Romania decides whether there is gas in Neptune Deep to be exported, we are interested in importing it in Hungary, in case a good commercial accord can be concluded between MVM and OMVPetrom. The idea is that yes, we are interested in diversification, in adding Romania to the gas supply sources of Hungary. The problem is commercial and on the other hand, your national decisioin,” said the Hungarian official.   Asked about the possibility of the Hungarian company MOL could purchase the international active stock of Lukoil Peter Szijjarto said there are negotiation chances but the situation is premature. “I can tell you that Mol is buying oil from Lukoil and will continue to do that because we receive approval from the US about their anctions on oil deliveries. Therefore, we consider Russia a trustworthy partner for us when it comes to Hungary's energy supply. I am experienced in cooperating with Russia in the field of energy. They have been trustworthy until now. All alternatives are less trustworthy or more expensive. So, in order to replace a cheao and trustworthy source with a more expensive and less trustworthy one you cannot offer a reason for that,”the minister stated.   Asked whether Hungary could be interested in buying the Lukoil participation in Trident reserve in the Black Sea, Peter Szijjarto answered: “As I said, MOL, which is a Hungarian company with private capital, is carryung out international commercial negotiations, either with Lukoil or anyone else. If they have the chance of making transactions, of concluding accords in the international energy market , that are accessibl and profitable for them, I am sure they will negotiate in their favor. We hope they will be successful in all negotiations that bring profit, since as long as Hungarian companies are more profitable it is better for the Hungarian economy.”