LONDON (ICIS)–Hungarian firms and specialists
have began talks on importing pure gasoline and
crude oil from Qatar, Hungary’s minister of
overseas affairs and commerce Peter Szijjarto mentioned
on 16 December.

That is following a political settlement reached
on 15 December, permitting for negotiations to
start between Hungary’s state-owned MVM and
QatarEnergy on the acquisition of gasoline.

Hungary might get Qatari LNG provide delivered
by way of the Croatian Krk terminal.

Szijjarto mentioned that “infrastructure
developments might be wanted as a way to deliver
massive volumes of gasoline to Hungary by way of the
southern and south-eastern European LNG
terminals”.

“If Croatia expands the capability of its LNG
terminal because it has promised, there might be a
lifelike risk for Hungary to obtain
gasoline from Qatar inside about three years,” the
minister mentioned.

Krk’s capability elevated from 2.6bcm/yr to
2.9bcm/yr in April. Croatian prime minister
Andrej Plenkovic mentioned in June capability might be
additional expanded to six.1bcm/yr however didn’t
specify when this may happen.

Croatia additionally lately introduced plans to

assemble a brand new LNG terminal in Omisalj ,
to enrich the prevailing Krk terminal in
ramping up provide to southern Germany by way of
Slovenia and Austria.

HUNGARIAN SWAP

Hungary’s state-owned gasoline dealer MFGK is one among
the capability holders at Krk and is among the
most energetic customers of the terminal.

MFGK signed a six-year LNG provide contract with
portfolio main Shell in 2020 for the
equal of 250 million cubic metres (mcm) of
gasoline, and the corporate additionally bought cargoes on
the spot market.

Nevertheless, a swap deal between Hungary and
Croatia meant all LNG volumes that MFGK introduced
to Krk remained in Croatia. In change,
Hungary acquired Russian pipeline gasoline by
Croatia’s long-term contract with Gazprom.