Friday, September 24, 2021
HomeOil & GasHungary moves ahead to strike new 15-years gas supply deal with Gazprom...
Powered by

Hungary moves ahead to strike new 15-years gas supply deal with Gazprom in fall

Hungary’s Minister for Foreign Affairs and Trade, Péter Szijjártó goes to Russia to negotiate the details of the new long-term purchase agreement with the CEO of Russian Gazprom. According to the Minister, this will be their most important discussion so far, the agreement could strengthen Hungary’s supply security.

The Foreign Minister said in a Facebook post that he meets Alexei Miller, the CEO of Russian energy company Gazprom calling this one of their most important meetings so far. The purpose of the discussion is “to clarify all the open questions regarding the next long-term gas purchase agreement guaranteeing the energy security of Hungary,” said the Minister.

Last week, the Hungarian Minister said at a press conference with his Russian counterpart, Sergei Lavrov that Hungary could sign a new 15-year gas contract with Gazprom this fall.

Péter Szijjártó underlined that they are working on a new contract with Gazprom, as their current agreement expires this year, at the end of September. At the beginning of June, the agreement has been already approved in principle on the new long-term Hungarian-Russian gas supply deal.

The Minister also said at the press conference that it was a good decision to start construction on the gas pipeline that will supply 8.5 billion cubic meters (bcm) of gas annually to Hungary from the Serbian-Hungarian border beginning this October. The Minister added that Hungary will announce a tender for gas transport capacity booking in early September.

Photo: Facebook profile of Péter Szijjártó

Sign up to our biweekly newsletter

    Most Popular