Hungary concludes new energy agreements with Russia

Hungary signed new agreements Tuesday to ensure its continued
access to Russian energy, a sign of the country’s continuing
diplomatic and trade ties with Moscow that have confounded some
European leaders amid the war in Ukraine.

Speaking at a news briefing in Moscow, Hungarian Foreign
Minister Peter Szijjarto said Russian state energy company Gazprom
had agreed to allow Hungary, if needed, to import quantities of
natural gas beyond the amounts agreed to in a long-term contract
that was amended last year.

The price of the gas, which would reach Hungary through the
Turkstream pipeline, would be capped at 150 euros ($163) per cubic
meter, Szijjarto said, part of an agreement that will allow Hungary
to pay down gas purchases on a deferred basis if market prices go
above that level.

Follow us on Twitter @AzerNewsAz

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.