Hungary has reportedly stated that it might participate in Gazprom’s TurkStream pipeline.
The TurkStream pipeline will transport Russian natural gas to European markets, via the Turkish-Greek border.
The announcement was made prior to Russian President, Vladimir Putin’s, visit to Hungary.
Following Putin’s meeting with Viktor Orban, Hungary’s Prime Minister, Orban stated: "It is important for us to get Russian oil and gas to Hungary. This is what we agreed upon between ourselves, and the president guaranteed it to us."
Elaborating, Putin explained: "We discussed the South Stream, a project which, unfortunately, no longer exists. We covered the Nord Stream as well. Regarding Nord Stream 2, there is, indeed, the technical capability for Hungary to receive Russian gas via Nord Stream 2. This can be done via Slovakia or Austria – this is quite a feasible project. Russian gas can also be moved via the TurkStream. There are other options as well."
TurkStream is scheduled to begin construction operations in 2018.