It has been agreed that Serbia will store 500 million cubic meters of gas in Hungary during the coming winter., said in Budapest the Serbian Minister of Finance Sinisa Mali following a meeting with Hungarian Foreign and Trade Minister Peter Sijarto.

The agreement was specified after Serbian President Aleksandar Vucic and Hungarian Prime Minister Viktor Orban agreed in Novi Sad at the opening of the International Agricultural Fair that Serbia would store between 300m and 500m cubic meters of gas in Hungary.

After the meeting, MIA reports from Budapest, Mali told reporters that under today's agreement, Serbia will be able to withdraw three million cubic meters per day from Hungarian warehouses in October, six million cubic meters per day in November, December and January, and three million in March.

The Minister Sijarto said that today's agreements are a proof of the strategic friendship between the two countries.

- We will store the gas for our neighbor for next winter, because we have more than six billion cubic meters of storage capacity. "We will not support the European Union's proposal for an oil embargo on Russia until a solution is found that guarantees Hungary's energy security," Sijarto said.

Minister Mali stated that a joint investment has been agreed in the construction of interconnectors for electricity transmission between the two countries, so that the surplus can be transferred to Serbia and Hungary, and that the connection of the electricity networks of the two countries has been agreed, which will last in the next six to eight years, so that electricity can be exchanged.