Hungarian Foreign Minister Péter Szijjártó said that Budapest and Belgrade have agreed to speed up the construction of an oil pipeline between the two countries. The 190 km Hungarian section is planned to be completed by the end of 2027, according to the Serbian Economist Telegram channel.
“We have agreed with Serbian Energy Minister Dubravka Jedovic-Handanovic to speed up the construction of the oil pipeline between Hungary and Serbia. The 190 km Hungarian section should be completed by the end of 2027,” he said on social network X, emphasizing the importance of energy cooperation against the backdrop of Ukraine’s attacks on the Druzhba oil pipeline, which supplies oil to Hungary and Slovakia, among other countries.
Why the project is important for these countries and the entire Balkan region
Increased energy security and diversification of routes
The new oil pipeline will reduce Hungary and Serbia’s dependence on traditional routes, especially in the context of instability caused by damage to Druzhba. This increases the reliability of supplies and reduces energy risks.
Regional energy integration
The construction of infrastructure connecting the Balkan and Central European regions helps strengthen economic ties and stimulates the growth of the energy market in the region.
Strategic independence
Independence from single transit routes provides greater flexibility in times of crisis and allows countries to respond more quickly to external challenges.
Economic impact and infrastructure development
The project creates jobs, contributes to the development of transport and energy infrastructure, and attracts investment for both Hungary and Serbia.
Geopolitical stability in the Balkans
The Balkan region has traditionally been at the crossroads of geopolitical interests. The new route strengthens its strategic importance and helps reduce dependence on external factors.
The Hungarian-Serbian oil pipeline project is not just a technical initiative. It serves as the foundation for a new energy architecture in the region, creating a sustainable, independent, and mutually supportive security system, which is particularly relevant in light of current geopolitical realities.
Source: https://t.me/relocationrs
