The agreement between Ukrainian Ukrtransgaz and Hungarian counterpart FGSZ makes provision for natural gas flow across the Ukraine-Hungary border in the direction of Hungary at 26 billion cubic meters per year, and in the direction of Ukraine – at 6.1 billion cubic meters per year.
This is the first agreement of this kind and the European Commission believes this agreement will serve as a model for other agreements on interconnections between Ukrtransgaz and operators from Slovakia, Poland and Romania. The agreement is an important condition for Ukraine to be able to import sufficient gas volumes from Europe. Previously Ukrtransgaz could not fully cooperate with neighboring European partners because of their arrangements with Russian Gazprom. This situation is rooted in Soviet-era practices and does not meet the current legislation of the Energy Community, of which Ukraine is a member. Read more at http://www.naftogaz.com