As Caspian Gas - deadlines are running out ◾ Russia's Gazprom is losing one of its last major customers in Europe. Hungarian Foreign Minister Anita Orban said on Tuesday that in accordance with the requirements of the European Union, the country will refuse Russian gas from next fall. "The European Union has set a clear target date for the cessation of Russian natural gas - autumn 2027," Orban said in an interview with Telex. ◾ According to her, the state is also preparing to abandon the oil supplied by Rosneft and Lukoil. To this end, the Hungarian oil and gas company MOL must modernize its refineries so that they can work with raw materials that are not from Russia. ◾ Hungary receives Russian gas through the Turkish Stream gas pipeline and is a consumer of about a third of the gas transported through this pipeline (17 billion cubic meters per year). ◾ Anita Orban noted that Hungary is working to diversify the supply in order to gain access to alternative gas sources. ◾ Among these routes, the minister mentioned the "vertical corridor", which starts in Greece and connects several European countries. According to her, this route can provide access to gas from Azerbaijan. Continue reading here.