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Hungary Warns of Energy Supply Issues Over Lukoil Oil Transit Blockage

OIL

Hungary officials warn of energy security supply issues after Ukraine’s decision to block Russia’s Lukoil from Druzhba pipeline transits.

  • "We have been able to stabilise the situation with temporary solutions, but these will not be enough even for the near future," Hungary's Foreign Minister Peter Szijjarto.
  • Flows to Slovakia via the Druzhba pipeline have been sharply lower recently according to Reuters sources which added that those to the Czech Republic are normal and for Hungary slightly below planned levels.

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