The Serbian Ministry of Energy revealed the volume of future oil pipeline supplies from Hungary

Moscow, Belgrade and Budapest are conducting a financial assessment of the construction of an oil pipeline from Serbia to Hungary, the Serbian Ministry of Mining and Energy told Izvestia.

Fuel bug: The EU may reconsider its position of rejecting gas from the Russian Federation

The European Commission has already postponed the publication of the roadmap for the final cessation of supplies from Russia.

"In cooperation with MOL (Hungarian energy company) and NIS (Serbian energy company), Serbia is considering options for transporting crude oil with a capacity of up to 3 million tons per year," the Serbian ministry of energy told Izvestia.

Earlier, Hungarian Foreign Minister Peter Szijjarto, Russian Deputy Energy Minister Pavel Sorokin and Serbian Energy Minister Dubravka Jedovic-Handanovic held talks on the construction of a new 180 km long oil pipeline. It is planned to be commissioned by 2027.

Read more in the exclusive Izvestia article:

Track marking: Russia will launch new gas supply routes bypassing Ukraine