Israel Gas May Ease Hungary’s Dependence On Russian Supply

  • 16 Dec 2013 5:00 AM
Israel Gas May Ease Hungary’s Dependence On Russian Supply
Newly found natural gas reserves in Israel could help Hungary ease its dependence on Russian energy, Hungary’s foreign trade chief said in an interview posted on the website of The Jerusalem Post. “Hungary is very dependent on Russian gas. We heat 80% of our houses with gas and import 90% of our gas from Russia.

Being so dependent means that you’re quite defenceless,” Péter Szijjártó said, summing up his two-day visit to Israel last week. He said that Hungary could become a central European distribution centre for Israeli gas.

Szijjártó held talks with Israeli Finance Minister Yair Lapid on strengthening bilateral ties in investment and innovation. He also held talks with top executives of pharmaceutical firm TEVA, a major investor in Hungary and one of the 35 strategic partner companies of its government.

Szijjártó said that Hungary had taken an independent approach within the EU to a variety of issues, including the intensifying use of nuclear energy. He added that while the EU pushed a platform of human rights and diversity, Hungary laid special emphasis on embracing its Christian heritage.

Source www.hungarymatters.hu

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