Hungary proposes regional gas network

Hungary is proposing a New European Transmission System for gas that will form a regional country network including Romania, Croatia, Serbia, Slovenia, Bulgaria and Bosnia.

The rationally for this initiative is to drive the price of gas all these countries individually buy from Russia down. In addition, the network would share the risk in an event of some pipeline problems.

Croatian Plinacro, Hungarian FGSZ Natural Gas Transmission and Romanian Transgaz have signed a memorandum of understanding on this proposal, and in all likelihood, will lead the project.

Serbian Srbijagas and Slovenian Plinovidija are waiting it out to develop their own internal consensus and evaluate the strategy.

Serbia itself is trying to finalize a gas deal with Russia.