Europe: Gas prices slide...

In Week 30 of 2025, European gas prices declined, with Dutch TTF prices...

Region: Heatwave drives SEE...

In Week 30 of 2025, electricity market prices rose significantly across most Southeast...

Romania: INVL Renewable Energy...

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on...

Croatia: Summary of Guarantees...

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold...
Supported byClarion Energy
HomeSEE Energy NewsHungary, Government has...

Hungary, Government has signed an agreement with Gazprom to increase the volume of gas deliveries

The Hungarian Government has signed an agreement with Russian gas company Gazprom to increase the volume of gas deliveries, the maximum level being increased to 5.8 million cubic meters per day, more than double the import in August.

Minister of Foreign Affairs and Trade Peter Szijjarto said that agreement on additional gas volumes was signed for September and October.

In addition, the two sides have agreed that this additional amount of gas will come from the south, through the TurkStream gas pipeline, and further via Bulgaria and Serbia.

Thus, Hungary, which in August imported 2.6 million cubic meters of gas from Russia, will be able to import, starting from 1 September, up to 5.8 million cubic meters per day.

He also said that Hungary is in a good position in terms of gas storage capacity, which stands at 36.5 % of consumption, compared to an average of 21.5 % on the EU level. However, Hungary’s geographical location and the position of its pipelines make it necessary to purchase Russian gas, adding that it would be impossible to guarantee his country’s stable energy supply without Russian gas.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Europe: Gas prices slide in Week 30 amid strong supply, cooling demand

In Week 30 of 2025, European gas prices declined, with Dutch TTF prices falling below €34/MWh — the lowest level recorded since April 29, 2025. This decrease was mainly driven by steady Norwegian gas supplies and continued progress in...

Region: Heatwave drives SEE electricity prices to summer highs in Week 30 of 2025

In Week 30 of 2025, electricity market prices rose significantly across most Southeast European (SEE) countries compared to the previous week. All markets recorded weekly average prices above €100/MWh, with the exception of Türkiye. This marked the highest price...

Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on renewable energy projects, has obtained a €29.3 million loan from Kommunalkredit Austria to finance the construction of a 71 MW solar power plant in Dolj County,...
Supported byVirtu Energy
error: Content is protected !!