Hungary and Serbia to build new oil pipeline in defiance of EU energy policy

Hungary announced plans to build a new crude oil pipeline linking it with Serbia, bypassing European Union restrictions on Russian energy and challenging Brussels’ energy strategy.

The project, unveiled on Monday by Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó, is being carried out in cooperation with Serbian and Russian partners and is expected to be operational by 2027.

“A series of wrong decisions made in Brussels has put Europe in a very difficult position on the international energy market,” Szijjártó said.

“Today, energy prices in Europe have increased several times more than in the rest of the world. This is not a miracle, as Brussels forcibly disconnects energy connections, bans the use of Russian energy carriers, and shuts down transport routes.”

The new pipeline is planned to carry 5 million tons of crude oil annually and will span 180 kilometers on the Hungarian side. According to the minister, the aim is to secure stable, affordable energy supplies and to resist what he described as harmful EU policies that have led to higher costs for households.

“This situation can be solved by attracting more energy sources and developing more transport routes,” Szijjártó said, calling the project a way to protect Hungary’s energy sovereignty.

Zoltán Kovács, the Secretary of State for International Communication and spokesman for Prime Minister Viktor Orbán, reinforced the government’s position on social media, declaring: “Brussels wants to cut us off from Russian oil and gas, forcing Hungarian families to pay 2–4 times more. We won’t allow it.”

He added that Hungary is committed to “building new sources, not shutting them down,” and that the pipeline would safeguard the country’s decade-long policy of utility cost reductions.

The move sets up another confrontation between Budapest and Brussels, as Hungary continues to resist the EU’s sanctions on Russian energy and pursues bilateral infrastructure deals with countries outside the bloc’s common strategy.

Energy security in Central and Eastern Europe has been jeopardized by its reliance on pipelines running through Ukraine. On Jan 1., Kyiv halted the transit of gas from a major Russian pipeline, sparking criticism from both Hungary and Slovakia.

Slovak Prime Minister Robert Fico invited Ukrainian President Volodymyr Zelensky to negotiations over the matter. However, Kyiv’s refusal to play ball led to Fico accusing Zelensky of “begging and blackmailing” European nations for financial aid while simultaneously cutting off gas supplies.

Slovakia has also sought alternative energy supplies this month, meeting with the Croatian government over the potential use of its LNG terminal on the island of Krk to offset the loss of Russian gas.

Slovak President Peter Pellegrini met with his Croatian counterpart, Zoran Milanovic, at the beginning of the month, and confirmed discussions with Croatian officials are underway.

“We are trying to find solutions to buy gas as cheaply as possible,” Slovak Economy Minister Denisa Saková stated, noting that Slovakia is now relying on a mix of Russian supplies and imports from other European partners, prioritizing price above all.

The post Hungary and Serbia to build new oil pipeline in defiance of EU energy policy appeared first on Remix News.

​Remix News

Read More