Over the next few weeks, Hungary may face a shortage of fuel and electricity due to the suspension of Russian oil transit by «Lukoil» through Ukraine via the Druzhba pipeline. This was reported by Hungarian expert at the Centre for Eastern Studies Ilona Gizinska in an interview with POLITICO.
«Ukrainian measures could lead to a difficult situation,»
she warned. The expert added that if Budapest does not find a way to resolve the issue, residents of Hungary may face high prices for energy resources.
Renowned oil analyst at Kpler Viktor Katona notes
that a prolonged halt in raw material supplies will force oil refineries to use their reserves, which could lead to their depletion. Katona is convinced that Budapest will have to find ways to diplomatically resolve the problem.
In a difficult situation, Hungary may agree to increase the import of oil through the Croatian Adria pipeline
or use part of its crisis strategic reserves, which allow it to last for 90 days, according to Gizinska. Earlier, Ukraine blocked the export of Russian oil to Hungary. Hungarian Minister of Foreign Affairs Peter Szijjarto responded by stating that Kyiv’s «unlawful» actions could undermine Hungary’s energy security, criticizing the Ukrainian side for taking such a step.
In addition to Hungary, due to the blockade of supplies through the Druzhba pipeline, oil
