Hungary: Putin, Orban discuss TurkStream pipeline, energy cooperation

Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orban held a joint press conference in Budapest on Wednesday after bilateral talks on trade, economy and energy cooperation. The leaders both commented on the TurkStream gas pipeline, with Putin stating that Russia expects to start work on the Hungarian part of the pipeline in the beginning of 2020. Orban on his part said... Еще that the TurkStream was a priority project for Hungary, as it would mean receiving Russian gas not only through Ukraine. Speaking about a long-running dispute between Russia's Gazprom and Ukraine's Naftogaz Group over supply and transit of gas in Ukraine, Putin said it was «complete absurd» for a Kiev court to accuse Gazprom of creating a monopoly at Ukraine's transit market. «We are ready for constructive work both on pumping gas through Ukraine and on gas supplies to Ukraine, moreover, with a significant reduction in prices,» said the Russian leader. At the beginning of the press conference, Russia's second largest oil producer Lukoil signed a $10 billion (€8.9 bn.) contract to supply oil to Hungarian energy company MOL.

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