Edition: International | Greek
MENU

Home » World

Hungary to buy more gas from Russian in new deal

Under a new deal between Moscow and Budapest, Russia’s Gazprom will deliver up to 5.8 million cubic metres (mcm) more natural gas per day via Serbia on top of the volumes agreed in the long-term contract

By: EBR - Posted: Thursday, September 1, 2022

Under a long-term, 15-year gas contract with Hungary, Russia is committed to supplying 4.5 billion cubic metres yearly to Budapest.
Under a long-term, 15-year gas contract with Hungary, Russia is committed to supplying 4.5 billion cubic metres yearly to Budapest.

Under a new deal between Moscow and Budapest, Russia’s Gazprom will deliver up to 5.8 million cubic metres (mcm) more natural gas per day via Serbia on top of the volumes agreed in the long-term contract, Hungarian Foreign Affairs Minister Peter Szijjarto said.

According to the Foreign Minister’s announcement on social media, Russia supplied at most 2.6 million additional cubic metres per day in August. This will now be increased to 5.8 million cubic metres per day starting on 1 September, Telex reported.

Szijjarto said that the supply volume would depend on “technical and technological issues” and that the extra gas would help to avoid “the need to introduce restrictions in the country due to gas shortages”.

Szijjarto went to Moscow in July precisely to seek additional gas supplies, raising eyebrows throughout European capitals.

During the press conference following the talks, Russia’s Foreign Minister Sergey Lavrov also mentioned the war, alleging Ukrainians were shooting themselves so that the Russians could be blamed for their deaths.

Under a long-term, 15-year gas contract with Hungary, Russia is committed to supplying 4.5 billion cubic metres yearly to Budapest.

However, since the outbreak of the war, only 50% of the previously agreed 1 billion cubic meters have been supplied through the pipeline from Austria. It is this shortage that the Hungarian government wants to make up for with this new amount which is to be delivered via Serbia.

*first published in: www.euractiv.com

READ ALSO

EU Actually

EU anti-look away law relaxed by European Parliament right

N. Peter KramerBy: N. Peter Kramer

The EU anti-look away law (Corporate Sustainability Due Diligence Directive), the dream of the EP left and green and a heritage of the in the meantime disappeared from the scene Commission Vice-President Timmermans, includes that business should not make its money by exploiting labour and destroying the environment.

Europe

Starmer ready for closer EU alignment ’in the national interest’

Starmer ready for closer EU alignment ’in the national interest’

Sir Keir Starmer has said the UK should move towards closer alignment with EU markets "if it’s in our national interest".

Business

EU waters down plans to end new petrol and diesel car sales by 2035

EU waters down plans to end new petrol and diesel car sales by 2035

Current rules state that new vehicles sold from that date should be "zero emission", but carmakers, particularly in Germany, have lobbied heavily for concessions.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2026. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron