Edition: International | Greek
MENU

Home » Europe

Budapest signs deal with Gazprom, Kyiv ‘disappointed’

Hungary signed a fifteen-year gas purchase contract with Russia’s Gazprom bypassing Ukraine. This angered Kyiv who said it will turn to the EU Commission for a solution

By: EBR - Posted: Wednesday, September 29, 2021

Hungary’s MVM Zrt. signed a long-term gas purchase contract with Russia’s Gazprom for fifteen years, Foreign and Trade Minister Peter Szijjarto announced in Budapest on Monday, Telex reported.
Hungary’s MVM Zrt. signed a long-term gas purchase contract with Russia’s Gazprom for fifteen years, Foreign and Trade Minister Peter Szijjarto announced in Budapest on Monday, Telex reported.

by Vlagyiszlav Makszimov

Hungary signed a fifteen-year gas purchase contract with Russia’s Gazprom bypassing Ukraine. This angered Kyiv who said it will turn to the EU Commission for a solution.

Hungary’s MVM Zrt. signed a long-term gas purchase contract with Russia’s Gazprom for fifteen years, Foreign and Trade Minister Peter Szijjarto announced in Budapest on Monday, Telex reported.

According to Szijjarto, the contract will guarantee Hungary’s energy security for fifteen years in a world full of uncertainties.

The Ukrainian foreign ministry reacted in a statement the same day, saying Kyiv is “surprised and disappointed” that gas will be arriving in Hungary via a route that bypasses Ukraine, and is turning to the European Commission on the matter.

Kyiv said the deal does not comply with the principles of a Ukrainian-Hungarian treaty signed on 6 December 1991. Ukraine will also ask the European Commission to assess whether the Hungarian-Russian gas contract is in line with European energy rules.

The contract covers the purchase of 4.5 billion cubic metres of gas per year. Gazprom will deliver this volume to Hungary via two routes: 3.5 bcm from the south via the Serbian-Hungarian interconnector, which will be operational from 1 October, and 1 bcm from Austria.

*first published in: www.euractiv.com

READ ALSO

EU Actually

Guterres: the one and a half Celsius is dead

N. Peter KramerBy: N. Peter Kramer

On the eve of the UN climate conference COP30 in Brazil, the word was finally out.

Europe

On the front line of Europe’s standoff with Russia’s sanction-busting shadow fleet

On the front line of Europe’s standoff with Russia’s sanction-busting shadow fleet

Out on the western Baltic, a coastguard officer radios a nearby, sanctioned oil tanker. "Swedish Coastguard calling… Do you consent to answer a few questions for us? Over."

Business

China to loosen chip export ban to Europe after Netherlands row

China to loosen chip export ban to Europe after Netherlands row

Beijing has said it will loosen a chip export ban it imposed after Dutch authorities took over Nexperia, a Chinese-owned chipmaker based in the Netherlands.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2025. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron