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The Government of the Republic of Serbia

In the service of citizens

Cooperation with Hungary in field of renewable hydrogen

Belgrade, 25 July 2022

Deputy Prime Minister and Minister of Mining and Energy Zorana Mihajlovic and Hungarian Minister of Technology and Industry László Palkovics signed today a Memorandum of understanding in the field of renewable hydrogen between the two ministries.

After the signing of the Memorandum at the Serbian government, Mihajlovic said that Serbia and Hungary have excellent political and bilateral relations and added that Hungary is an important trade partner of Serbia, the third largest of all EU states and the sixth of all countries in the world.

That is a good basis for the improvement of cooperation in the field of energy too, where we haven't stopped on the gas supply only, but we want to cooperate in the process of energy transition too. We believe Hungary can help us become even more efficient in that process. Regardless of all that is happening, and regardless of the energy crisis in Europe and the world, we cannot avoid energy transition because that is a step towards greater energy security, Mihajlovic underlined.

She pointed out that in new energy laws, green hydrogen is recognised as a renewable source of energy and that the Hydrogen Strategy will be an integral part of a new strategy of development of the energy sector in Serbia.

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, she said.

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 certain experiences, is ready to share its strategies and regulations with Serbia, as well as investment plans and projects.

The two ministers recalled good cooperation achieved in the transportation sector and agreed that they expect the successful cooperation to continue in the field of energy too.

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