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The Government of the Republic of Serbia

In the service of citizens

Serbia, Hungary committed to development of cooperation in field of energy

Belgrade, 7 February 2023

Minister of Mining and Energy Dubravka Djedovic and Minister of Foreign Affairs and Trade of Hungary Peter Szijjarto confirmed, during today’s meeting in Belgrade, the commitment of the two countries to the further development of cooperation in several spheres of energy.

At a joint press conference after the meeting, Djedovic and Szijjarto emphasised the importance of building a gas interconnection between Serbia and Bulgaria, which will also be one of the options for gas supply from Azerbaijan for Hungary.

Djedovic pointed out that Serbia will work on strengthening its energy infrastructure, stressing the importance of plans for the construction of the Pannonian Corridor for the transmission of electricity, as well as the diversification of oil supply through the construction of an oil pipeline to Hungary, for which preparations have begun.

Answering questions by journalists, she said that the situation in Turkey after the earthquake is being closely monitored due to the situation with the gas pipeline, and added that there are currently significant gas reserves in storage facilities in Serbia and Hungary.

Szijjarto pointed out that they are working together to double the amount of electricity transmission between the two countries by 2028, and stated that cooperation is also possible regarding the nuclear capacities of PAKS 2 and 3 in Hungary, which are expected to be operational after 2030.

The Minister assessed that the energy cooperation between the two countries is excellent and that, in case of need, Hungary can, as it already did in 2022, buy and store gas for Serbia’s needs in the amount of 500 million cubic metres.