Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian Prisoners' Information Office: Four of his ribs were broken
Palestinian Prisoners' Information Office: Marwan al-Barghouti lost consciousness after a brutal assault by Israeli occupation soldiers
Al Mayadeen's correspondent: Israeli violations in the Gaza Strip have not stopped, and just a short while ago, fishermen came under fire from boats
Al Mayadeen's correspondent: Israeli occupation forces carry out a large explosion in the eastern neighborhood of the town of Mays al-Jabal in southern Lebanon.
Israeli media: Israeli political leadership decides to open Rafah crossing “as planned” and transfer aid to Gaza Strip.
Palestinian media: Three Palestinians were killed after being targeted by Israeli drone fire in the al-Shujaiya neighborhood east of Gaza City
Nicolas Maduro: The Palestinian cause is the most sacred cause for humanity, and we propose sending teams of builders, farmers, and doctors to Gaza to help the people
Al Mayadeen's correspondent in Lebanon: IOF infiltrate Khallet Wardeh towards the municipality in the town of Aita al-Shaab, south of Lebanon.
Leaders of the United States, Egypt, Qatar, and Turkey sign a ceasefire agreement in Gaza.
Trump arrives in Sharm el-Sheikh

Slovenia to build pipeline to transport Algerian gas to Hungary: PM

  • By Al Mayadeen English
  • Source: Agencies
  • 6 Dec 2022 21:14
4 Min Read

Slovenia declares its intent to help Hungary become less dependent on Russian energy supplies via a pipeline from Algeria.

  • x
  • Pipelines and tanks are pictured in a gas terminal, October 13, 2022, in Obergailbach, eastern France (AP Photo)
    Pipelines and tanks are pictured in a gas terminal, October 13, 2022, in Obergailbach, eastern France (AP Photo)

Slovenia is planning on building a pipeline that would pump Algerian gas into Hungary in a bid to help the latter become less dependent on energy supplies from Russia, Slovenian Prime Minister Robert Golob said on Tuesday.

"Let's extend that same hand to our eastern neighbors, [including ] Hungarians... Hungary is totally dependent on Russian gas but it's not the only one," Golob told the Financial Times in an exclusive interview.

Austria is in a similar position, the Slovenian premier noted. "The neighbors [must] help them to solve it — they cannot do it on their own."

Back in November, Slovenia signed an agreement with Algerian that will see Ljubljana importing Algerian gas through preexisting pipelines via Italy, the newspaper said.

The deal reached 300 million cubic meters a year and will reportedly allow the country to slash its imports of Russian gas by a third.

Still, according to the newspaper, despite Budapest reaching deals with neighboring countries to import gas, except for Slovenia, around 85% of Hungary's gas comes from Russia.

The West has long been looking to reduce Russia's income from oil and gas - namely since the outbreak of the Ukraine war, with the latest measure being a price cap on Russian oil.

In October, the EU introduced the eighth package of sanctions against Moscow, which included a legislative basis for setting a price cap for maritime shipments of Russian oil to third countries.

Starting from February 5, 2023, the European Union will be introducing a price cap for Russian refined products as well.

Related News

Venezuelan VP warns US hostility could disrupt global energy market

Tehran dismisses Trump’s rhetoric, demands 'actions not words'

The European Union reached an agreement on setting a price cap on Russian oil at $60 a barrel, keeping a review mechanism to keep the price cap at 5% under market value. 

Kremlin spokesperson Dmitry Peskov said in response that the price cap that was imposed on Russian oil abroad is unacceptable for Russia, but Moscow will be analyzing it and deciding how to operate under the new circumstances.

Moscow was anticipating the price cap and is now analyzing the situation, the spokesman underlined.

In light of that, Ukraine suggested on Saturday that the price cap should have been set lower than $60, as it is "insufficient" to penalize Russia. The $60 price cap imposed is not "serious", Ukrainian President Volodymyr Zelensky said Saturday, explaining that the decision was "quite comfortable" for Moscow.

The official claimed that Russia would remain concerned about maintaining the state of its infrastructure, which would be damaged if production is halted, and keeping the confidence of its customers, including China and India.

To benefit or not to benefit

Countries and companies that decide not to apply the price cap can still purchase it but cannot do so through Western companies that provide insurance or transport services. 

Another European official stated that there are "clear signals that a number of emerging economies, particularly in Asia, will observe the principles of the cap," as Russia faces pressure from its clients to provide discounts. 

As European companies dominate cargo transport and insurance, the official expressed the complexity and difficulty posed in finding substitutes as "extremely risky".

To further tighten its grip on Moscow, Brussels announced that "if a third country flagged vessel intentionally carries Russian oil above the price cap, EU operators will be prohibited from insuring, financing, and servicing this vessel for the transport of Russian oil or petroleum products for 90 days after the cargo purchased above the price cap has been unloaded."

Russia has pledged to stop supplying oil and gas to countries that impose price ceilings. Russia's Permanent Representative to International Organizations in Vienna, Mikhail Ulyanov, declared last Wednesday that the European Union will have to live without Russian oil starting this year as a repercussion of the price cap imposed on the country's oil.

He also recalled how Moscow had made it clear that it will supply oil to the countries that supported the price cap that he described as "anti-market".

  • United States
  • Hungary
  • G7
  • Russia
  • Slovenia
  • Ukraine
  • Price cap
  • European Union
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
Taylor Swift: The Life of a Showgirl

The Life of a No-Girl: The one verse Taylor Swift refuses to sing

  • Arts and Culture
  • 8 Oct 2025
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Freed Palestinian detainee al-Arida expresses gratitude to Al Mayadeen.
Politics

Freed Palestinian detainee Mahmoud al-Arida salutes Al Mayadeen

Prime Minister of Spain Pedro Sánchez gestures as he speaks at the Global Progress Action Summit, in London, Friday, September 26, 2025 (AP)
Politics

Spain to maintain arms embargo on ‘Israel’ despite ceasefire

Israeli excavators work in the Gaza Strip as the sun sets, seen from southern occupied Palestine, Tuesday, Oct. 14, 2025 (AP)
Politics

Palestinian clans condemn chaos in Gaza, back security forces

The sun sets behind buildings destroyed during the Israeli aggression in the northern Gaza Strip, as seen from southern occupied Palestine, Tuesday, October 14, 2025 (AP)
Politics

Israeli regime cuts Gaza aid to 300 trucks, blocks fuel and gas

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS