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Russia’s Foreign Minister pledges to guarantee Hungary’s energy supplies

Russian Minister of Foreign Affairs, Sergei Lavrov pledged to guarantee Hungary’s energy supply, ensuring the continuous supply of natural gas, petroleum and nuclear fuel, informed Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó in New York.

The two ministers met on the sidelines of the UN General Assembly. The talks focused mainly on the war in Ukraine and bilateral energy cooperation. Minister Lavrov said Russia would fulfil its contractual obligations and deliver the promised amount of natural gas, crude oil and nuclear fuel by the contractual deadlines.

In April, Hungary inked three new agreements with Russia to ensure the continued supply of natural gas and crude oil. Russian state energy company Gazprom had agreed to allow Hungary to import quantities of natural gas beyond the amounts agreed to in a long-term contract that was amended last year. This year, Russia has already delivered 3.3 million tonnes of crude oil and 4.2 billion cubic metres of natural gas to Hungary, informed the Hungarian minister.

Regarding the upgrade of Hungary’s Paks nuclear plant led by Russia’s Rosatom, Szijjártó said the progress of the construction work gives hope that the two new blocks can be operational by 2030. In 2014, Hungary signed a deal with Russia, awarding Rosatom the project to build two additional Russian VVER 1200 reactors at the country’s single nuclear power plant.

The Hungarian minister also met Rosatom Director General Alexey Likhachev on the sidelines of the 67th General Conference of the International Atomic Energy Agency (IAEA) to review the status of the Paks II investment concluding that the project is progressing according to schedule and production can start in the early 2030s.

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