Trans-border pipeline agreement

A NATURAL gas pipeline that will interconnect Slovakia and Hungary is closer to realisation after a Joint Development Agreement (JDA) was signed by Eustream, Slovakia’s gas transmission system operator, and Magyar Gáz Tranzit (MGT) of Hungary, the TASR newswire reported. By signing the agreement both companies committed to bring the project to a successful conclusion and agreed on rules and conditions for the pipeline’s construction.

A NATURAL gas pipeline that will interconnect Slovakia and Hungary is closer to realisation after a Joint Development Agreement (JDA) was signed by Eustream, Slovakia’s gas transmission system operator, and Magyar Gáz Tranzit (MGT) of Hungary, the TASR newswire reported. By signing the agreement both companies committed to bring the project to a successful conclusion and agreed on rules and conditions for the pipeline’s construction.

The JDA describes how the work will be divided between the companies in what is officially called the Slovak-Hungarian Gas Pipeline Interconnector Project.

“Eustream is confident that market participants will confirm their interest now so that the gas interconnection between Slovakia and Hungary can be properly completed,” stated Gunnar Löwensen, chairman of the board of directors of Eustream, as quoted by TASR.

The partners agreed on the goal to start commercial operation of the new pipeline by January 1, 2015.
Completion of the project is expected to significantly contribute to better energy security in Europe and lead to better diversification of natural gas transmission routes, TASR wrote.

Eustream and MGT have already announced public procurement of materials and contractors for the pipeline. The expected cost of the project is €160 million. The construction costs will be partially supported with €30 million from the European Energy Programme for Recovery (EEPR).

Top stories

News digest: Lockdown effects not fully seen yet, Bratislava shuts schools

Lockdown reduces mobility and new cases, but not hospitalisations. Cabinet approves €500 vouchers for seniors.


13 h
Some schools in Slovakia have been closed.

Some schools in Bratislava will switch to remote learning

Only kindergartens and grades one through four will remain open.


14 h
Finance Minister Igor Matovič presented his latest idea to boost vaccination rate and help businesses hit by the pandemic.

Finance Minister Matovič has a new way of boosting vaccination: €500 vouchers

The vouchers should be given to old people who decide to get vaccinated, to be subsequently spent on goods and services.


30. nov
Skryť Close ad