Russia Concluded Long-Term Contract on Gas Supply With Hungary

Hungary and Russia have agreed on a long-term gas deal, Kommersant reports with reference to Bloomberg citing Hungarian Foreign Minister Peter Szijjarto. Szijjarto discussed gas deliveries to Hungary during a meeting with the Gazprom Head, Alexey Miller, in Saint Petersburg on 30 August.  

It is noted that the Hungarian minister expressed Budapest’s readiness to purchase 4.5 billion cubic metres of gas annually, including 3.5 billion via Serbia and 1 billion via Austria. Supplies under the new contract will start already on October 1. Szijjarto also specified that the 15-year contract will be signed in late September.

According to Gazprom, Alexey Miller and Peter Szijjarto also discussed the work of the Hungarian side on expanding the national gas transportation system during the meeting. The company reported that in 2020 it delivered 8.6 billion cubic metres of gas to Hungary.

Ru-Main, 31.08.2021

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