Hungary can’t replace Russian oil and gas – official ...News

Economy by : (Russia Today) -
The country is heavily reliant on Moscow for energy imports Hungary will not be able to replace the oil and natural gas it gets from Russia in the short term, member of parliament and State Secretary for Foreign Affairs, Tamas Menczer, told M1 TV channel on Friday. Menczer said the two fundamental conditions for Hungarian energy security were continued crude imports from Russia and the smooth operation of the Turkish Stream pipeline through which the country receives most of its annual supply of natural gas. “Russian gas accounts for 85% of Hungary's gas consumption and 65% of oil demand. This cannot be changed ov

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