Slovakia, Hungary sign gas pipeline link.

By bne IntelliNews January 31, 2011
Slovakia and Hungary agreed to connect their gas transmission networks as the two countries seek to lower their dependence on gas supplies from Russia, CTK newswire reported. Slovak prime minister Iveta Radicova and her Hungarian counterpart Viktor Orban signed an agreement on the project, estimated to cost about EUR 100mn. The project enjoys strong political support from the European Commission. The link is included in the European Economic Recovery Plan and will be supported with a EUR 30mn subsidy. The pipeline will be 115-km long and will connect Velky Krtis, in southern Slovakia, with Vesces near Budapest. The pipeline is expected to start operations in the beginning of 2013, allowing gas transport in both directions. The Slovak section of the pipeline will be built by gas transit company eustream and the Hungarian section by FGSZ. Hungary and Slovakia also plan to connect their electricity transmission grids.

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