Supported byClarion Energy
HomeGasHungary granted one-year...

Hungary granted one-year US sanctions waiver to continue importing Russian energy

Hungarian Prime Minister Viktor Orbán announced that Hungary has secured an exemption from US sanctions on Russian oil and gas, following a meeting with US President Donald Trump in Washington. The waiver allows Hungary to continue importing Russian crude and natural gas via the TurkStream pipeline and the Druzhba oil network, despite the broader sanctions targeting Moscow’s energy sector.

In exchange, Hungary agreed to purchase US liquefied natural gas (LNG) under contracts worth approximately 600 million dollars, the US State Department confirmed. The two countries also pledged to expand cooperation in nuclear energy, including development of small modular reactors (SMRs). Orbán further announced that Hungary will begin buying nuclear fuel from Westinghouse Electric, gradually reducing dependence on Russian suppliers for its Paks nuclear power plant.

While Orbán described the deal as a “full waiver” essential for Hungary’s energy security, a senior White House official later clarified that the exemption would be valid for one year only.

Hungary remains under intensifying EU pressure to diversify energy sources and reduce reliance on Russian imports. Most EU member states have already cut or phased out Russian oil and gas purchases as part of collective efforts to limit Moscow’s war financing amid the ongoing conflict in Ukraine.

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

US extends Lukoil Bulgaria sanctions exemptions to April 2027

OFAC general licences extend operating room for Bulgarian assets The United States has extended sanctions exemptions covering Lukoil’s Bulgarian businesses until April 24, 2027. The measure provides additional time for operations at the Burgas refinery and related fuel businesses while...

Romania Competition Council clears NIS Petrol acquisition by Argenta

Romania’s Competition Council has approved the acquisition of NIS Petrol by Romanian company Argenta, removing a regulatory obstacle to NIS’s planned withdrawal from the Romanian market. The decision comes as pressure continues over the Serbian oil group’s Russian ownership....

Hungary stockpiles 4.8 billion cubic metres for a 96-day winter gas buffer

Underground inventories ahead of the heating season Hungary has accumulated more than 4.8 billion cubic metres of natural gas in underground storage facilities, enough to cover approximately 96 days of total winter demand. The Ministry of Economy and Energy says...
Supported byVirtu Energy