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Hungary strengthens energy cooperation with Turkey

Hungary and Turkey signed five different agreements, following bilateral meetings between the Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó and the Turkish ministers of energy, industry and trade.

“The last few years have shown that the closer cooperation is between the two countries, the more” Hungary benefits from it, Minister Szijjártó said.

He mentioned the new deal between the Hungarian energy company MVM and Turkey’s BOTAŞ which broadens energy cooperation more than ever before, as Turkey will become a source for Hungary’s purchases of natural gas next year. Further cooperation will involve storage, infrastructure development and the use of renewables and hydrogen.

Minister Szijjártó reminded that the EU faced “a serious energy crisis” and, in contrast, Hungary’s supply was stable as it purchased energy “from reliable partners”, such as Ankara. Turkey was indeed key, as underlined by the Minister, with more than five billion cubic metres (bcm) of natural gas which already arrived this year through the TurkStream pipeline.

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