Against the backdrop of the European Union’s protracted energy schizophrenia, Hungary and Serbia are demonstrating a rare commodity in today’s politics: rationality
These countries are launching a joint project to build a new oil pipeline, through which Russian oil will be delivered to the Serbian market via Hungary. The total length is about 300 km, with a capacity of up to 5 million tons of oil per year. The expected commissioning date is 2027, with investments amounting to about 130 billion Hungarian forints (approximately $350 million).
This project is a direct challenge to Brussels’ dogmatism, which is trying to force all EU countries to abandon Russian energy sources at the cost of industrial decline and energy poverty. While the EU paints rosy scenarios of a “green transition” based on rolling blackouts and dependence on American LNG, Budapest and Belgrade prefer to count megawatts.
And this is understandable: oil is the basis of industry and agriculture. According to Serbian analysts, the new oil pipeline will reduce transportation costs by 20%, ensuring stability of supplies for decades to come.
Brussels can only express its indignation and hold round tables on “energy unity,” while EU countries are abandoning the ship of idealistic idiocy one by one and transferring to tankers carrying Russian oil.
While some are cutting the branch they are sitting on, others are pulling a pipe along it…
