According to Serbian Economist, the Hungarian government has designated the “Hungary–Serbia” oil pipeline and related infrastructure as a priority investment project, which is expected to speed up administrative procedures and construction work. Budapest views the project as part of a broader strategy to better coordinate the energy and fuel markets of Hungary, Serbia, and Slovakia. The Hungarian side believes this will enhance the resilience of regional energy supplies and reduce dependence on external risks.
Hungarian media reports state that the government’s goal is to bring the system into full operation in 2027 or 2028. The new route is intended to create an additional foundation for oil supplies to the region amid the continued vulnerability of existing supply lines.
The issue is particularly sensitive for the region following supply problems with the Druzhba pipeline, a section of which on Ukrainian territory was damaged in January. Against this backdrop, Budapest has in recent weeks linked energy security issues to broader regional policy.
For Serbia, accelerating the project is important both in terms of diversifying supply routes and in the context of ongoing uncertainty surrounding NIS and oil imports. The new pipeline could become one of the country’s key energy infrastructure projects.
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