Turkey pledges to supply natural gas to Hungary

Top Stories

»	Govt says there is no shortage of funds for RDI scheme
»	Piyush Goyal, US Trade Representative Greer discuss India-US interim trade pact
»	New Zealand FTA marks a transformative milestone for Indian trade policy: TPCI
»	Govt urges industry to leverage FTAs for boosting exports
»	Indian equities open subdued amid weak global cues and higher crude oil prices

IANS | 30 Mar, 2023
Turkey is ready to supply natural gas to Hungary through the Trans-Anatolian Natural Gas Pipeline Project (TANAP), Turkish President Recep Tayyip Erdogan said.

"As of now, we are ready to provide all kinds of support with Azerbaijan regarding the delivery of natural gas to Hungary through TANAP," Erdogan said at a joint press conference with visiting Hungarian President Katalin Novak, Xinhua news agency reported.

TANAP was commissioned in 2018 as the central part of the Europe-proposed Southern Gas Corridor that connects a major gas field in Azerbaijan with European markets.

The trade volume between Turkey and Hungary hit $3.5 billion in 2022, with the goal of reaching $6 billion in the future, according to Erdogan.

For her part, Novak said energy was one of the topics of her meeting with Erdogan in the Turkish capital of Ankara.

Turkiye has "vital importance" in Hungary's energy security, she said, stressing that her country attaches importance to the Turkish Stream, a natural gas pipeline running from Russia to Turkey via the Black seabed.