Serbia, Hungary sign Memorandum of understanding

NEWS 25.07.2022 13:48
Tanjug/Rade Prelić

Mining and Energy Minister Zorana Mihajlovic and Hungarian Minister of Technology and Industry Laszlo Palkovics signed Monday a Memorandum of understanding in the field of renewable hydrogen, a Government press release said.

Minister Mihajlovic said that in new energy laws, green hydrogen is recognized as a renewable source of energy and that the Hydrogen Strategy will be an integral part of a new strategy for Serbian energy sector’s development.

“The Memorandum we have just signed is a basis for exchanging documents and talking about potential joint projects. We are proud that we in Serbia have already created legal conditions for the use of hydrogen and I hope that we will be able to present more concretely the advantages of using hydrogen,” the press release quoted Mihajlovic as saying.

She added that Serbia and Hungary have excellent political and bilateral relations and that Hungary is Serbia’s important trade partner, the third largest of all EU states.

That is also a good basis for the improvement of cooperation in the field of energy, where we haven’t stopped on the gas supply only, but we want to cooperate in the process of energy transition too, said Mihajlovic, adding that she believes Hungary can help Serbia become even more efficient in this process.

Palkovics said that the issues of energy availability, access and costs are the crucial questions in the world today, to which the question of energy independence has been added.

He said that the field for which the Memorandum was signed today includes important issues such as production, storage and transport of hydrogen, and that Hungary, which already has some experience, is ready to share with Serbia its strategies, regulations, investment plans and projects.

The signing of the Memorandum was preceded by a meeting of the two ministries’ delegations which was attended by Hungarian Ambassador to Serbia Attila Pinter.