South Korea expects North to hold new nuclear test by end of MarchWorld March 24, 7:20
Russian-US experiment to simulate outer space mission named SIRIUSScience & Space March 24, 6:20
ZA Sport becomes Russia’s official Olympic kit brandSport March 24, 4:28
Police searching for another suspect in Russia’s ex-MP murder in KievWorld March 24, 2:45
Fourth victim of London attack dies in hospital — policeWorld March 24, 2:42
Ammo depot fire in Ukraine no threat to EU gas transit — companyWorld March 24, 2:40
Putin pleased with acting at Moscow's Maly drama theaterSociety & Culture March 23, 23:35
Former Russian MP killed in Kiev, killer dies in hospitalWorld March 23, 23:32
Russian philanthropists get highest French award for thier art donationSociety & Culture March 23, 23:26
MOSCOW, May 23. /TASS/. Budapest is interested in the development of cooperation with Moscow in the sphere of hydrocarbons and in finding alternative ways of their supplies to the country, the Russian foreign ministry said on Monday ahead of a working visit to Hungary by Russian Foreign Minister Sergey Lavrov due on May 25.
"Despite the rolling back of the South Stream gas pipeline project, Budapest is still interested in further development of pragmatic cooperation with Russia in the area of the use of Russian hydrocarbons and in looking for alternative ways of their supplies to Hungary," the ministry said.
The ministry stressed that energy cooperation is a priority area in trade-and-economic relations between the two countries. According to the Russian foreign ministry, Russia accounts for about three fourths of Hungary’s oil consumption and two thirds of its natural gas consumption.
"Hungary’s MOL oil and gas company has won a firm stronghold in Russia, where it participates in oil production in the Tomsk, Orenburg and Samara regions," the ministry said.