Connect with us

Hi, what are you looking for?

Europe

Orbán: Hungary to strike new gas deal with Russia this summer

Hungary expects to agree on a new deal with Russia this summer that would provide the country with an additional 700 million cubic meters of gas, Prime Minister Viktor Orbán said Friday.

“We are negotiating with the Russians … this deal can be signed during the summer, and then we will be safe,” he said, speaking to local state radio. “Hungary will have enough gas.”

The new deal would come on top of a 15-year deal with Russia’s Gazprom, signed last year, to supply Hungary with around 4.5 bcm of gas per year.

The announcement comes after Hungarian Foreign Minister Péter Szijjártó visited Moscow last week to discuss the potential for a deal with his Russian counterpart Sergey Lavrov. Lavrov said at the time that Budapest’s “request [for more gas] will be immediately … considered.”

Hungary is currently lagging behind other EU member countries in loading up on gas ahead of winter. The country’s reserves are only 50 percent full, compared with a bloc-wide average of 68 percent.

The country is highly dependent on Russian energy, with around 80 percent of its gas coming from Russia, and opposes any potential EU sanctions on Russian gas.

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like

Europe

In a major blow to China’s diplomatic efforts in Europe, Estonia and Latvia on Thursday quit China’s exclusive club for engaging with Central and...

Europe

Ukraine’s President Volodymyr Zelenskyy said late Wednesday that the blasts which rocked a Russian air base in annexed Crimea destroyed nine Russian aircraft. “In...

Europe

LONDON — British business groups are today warning the U.K.’s trade chief to pump the brakes on trade talks with India or risk leaving...

Europe

Paul Taylor, a contributing editor at POLITICO, writes the “Europe At Large” column.  PARIS — Amnesty International, the global human rights group, is no...

Energy

Press play to listen to this article Reports of shelling at Europe’s largest nuclear power plant in Russian-occupied Ukraine have reignited fears of nuclear...

Europe

Rajan Menon is the director of the Grand Strategy Program at Defense Priorities, Spitzer Professor Emeritus at the Powell School of City College of...

Technology

Press play to listen to this article ATHENS — In late July, a team of German and French journalists landed a thunderous scoop: A...

Elections

William Nattrass is a freelance journalist and commentator based in Prague. It was never going to last.  Though Russia’s invasion of Ukraine brought about...