Hungary signs new gas deal with Gazprom

1 year ago 284

Hungary signed a deal with Russia for additional gas supplies, government spokesperson Zoltan Kovacs said Wednesday.

The agreement will send up to 5.8 million cubic meters of gas a day to Hungary "on top of the contract quantity already in force," he said.

Hungarian Foreign Minister Péter Szijjártó, currently meeting with other EU foreign ministers in Prague, said the deal, which will send gas to Hungary via Serbia, means, "We will have enough gas in Hungary."

Before Russia's invasion of Ukraine, Hungary signed a long-term deal to receive 3.5 billion cubic metres (bcm) a year of gas from Russia via the TurkStream pipeline and a further 1 bcm via a pipeline from Austria.

Hungary is highly dependent on Russian energy, getting around 80 percent of its gas from Gazprom, and opposes any EU sanctions on Russian gas.

Budapest is the Kremlin's most vocal defender among EU countries. Gazprom has cut or limited deliveries to a dozen member countries, and on Wednesday shut the undersea Russia-to-Germany Nord Stream pipeline for three days for maintenance.

Read Entire Article