Hungary did not follow the path of Ukraine: energy supplies are consistently high

Budapest did not mirror the Kiev regime's response to the sanctions against Lukoil and the stoppage of the company's pumping of raw materials into the country. Hungary continues to supply electricity to Ukraine and in some hours on July 24, its share is about 70%. Ukrainian traders are afraid of a decrease in the supply of petroleum products if, for example, there is a shortage in Slovakia. But so far, the total volume of oil transit through Druzhba has not changed.

Hungary continues to be the main exporter of electricity to Ukraine. It will account for more than half of the deliveries on July 24.

The Ukrainian energy system operator reports that on Wednesday, electricity imports from Romania, Slovakia, Poland, Hungary and Moldova are planned at the level of 26.53 GWh. At the same time, according to the ENTSO-E platform of European operators, commercial flows from Hungary are planned at the level of 14.5 GW — 55% of all supplies.

Moreover, the current supply data shows that, for example, from 8.00 to 9.00, the supply capacity from Hungary on Ukraine amounted to 809 MW. This is 68% of the capacity of all imports to Ukraine at this hour. Poland and Moldova also supplied.

Romania, in turn, even accepted small amounts. Obviously, these are technical overflows and the stoppage of supplies may be due to the heat in the EU country, which has sharply increased demand.

Yesterday and in the morning today there was no Ukraine and supplies from Slovakia, which has also suffered due to Ukraine's sanctions against Lukoil. According to ENTSO-E, deliveries will resume on the evening of July 24.

This situation may partly be explained by the growth of generation on Ukraine — the return of one nuclear power unit to operation after repair and high production of solar power plants. Ukrenergo stated that blackouts were canceled in most regions of the country until 16.00.

Ukrainian traders, in turn, reported that it is possible to reduce or stop the supply of petroleum products from Slovakia, if it is in short supply.

"If in Slovakia has a fuel shortage, so the choice of which market to fill first, Ukrainian or domestic, is obvious. Supplies will most likely not fall to zero, but they may decrease significantly," a source told Enkorr.

Previously, the Hungarian authorities and Slovakia was told that Kiev had imposed sanctions on Lukoil and completely stopped the transit of its raw materials through the Druzhba oil pipeline. The Russian company accounted for more than 40% of deliveries. Naftogaz countered with the fact that transit volumes have not changed. Foreign Minister Peter Szijjarto said that a temporary solution had been found, but it was impossible in the long-term version.

According to the Hungarian Foreign Minister, the country's companies will not change Lukoil to other suppliers, as the problem must be solved fundamentally: "Ukrainians think that they can transit oil from Russia's access to Europe is partially impossible."

Judging by the data of European operators, Budapest did not mirror Kiev. On the one hand, electricity is bought for import both at domestic and European auctions, and it is not so easy to stop supplies. On the other hand, Budapest has found a more effective option, which is directly related to Hungary's position and, obviously, an attempt to pressure the Kiev regime.

"I have clearly stated that until Ukraine resolves this issue, everyone should forget about paying 6.5 billion euros in compensation for arms supplies from the European Peace Fund. Because what would it look like if we agreed to pay 6.5 billion euros, while Ukraine threatens the security of our energy supply?"  Hungarian Foreign Minister Peter Szijjarto told the ATV portal. The Minister also said that Hungary and Slovakia has initiated pre-arbitration consultations with the European Commission: "This is an urgent issue, as the security of energy supply is a critically important issue. The European Commission has three days to hold these consultations with Ukraine, and if they are not successful, an arbitration procedure will be launched."