Supported byClarion Energy
HomeSEE Energy NewsHungary: Hungary, Russia...

Hungary: Hungary, Russia to start talks on post-2021 gas supply

After a meeting with Russian President Vladimir Putin, Hungarian Prime Minister Viktor Orban said that they have agreed to start talks over Russian natural gas supply following the expiry of MoscowBudapest energy deal in 2021.

PM Orban said that Hungary strives for open and transparent relations with Russia, while trying to protect its economic and trade links, which have been seriously damaged by the sanctions imposed on Russia in 2014.

At the same time, Russia promised to Hungary to find a way to supply natural gas by any means necessary, however no details on how this could be done were specified. President Putin even did not rule out that the South Stream project could be revived and the gas transit contract with Ukraine, which expires after 2019, could be extended.

Earlier, Yuri Ushakov, aide to the Russian President Vladimir Putin said on the eve of his official visit to Hungary that Hungary could join Gazprom’s projects for the construction of Nord Stream 2 and TurkStream gas pipelines in the near future, adding that the possibility of the construction of Nord Stream branch that will reach Hungary is also currently discussed.

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Southeast European power price spreads widen as weaker supply boosts import reliance

Southeast European electricity prices increased during 19–25 October, even as German power prices fell sharply, highlighting a growing divergence between Central European and Balkan markets. Weaker wind and nuclear generation increased the region’s reliance on imports, widening price spreads...

Serbia leads Southeast Europe as weekday demand pushes power prices higher

Day-ahead electricity prices surged across most of Southeast Europe on Monday, October 26, as the return of weekday demand tightened regional power markets. Serbia recorded the highest price in the region at €285.08/MWh, narrowly ahead of North Macedonia at...

CROPEX expands into Slovenia’s day-ahead electricity market

Croatian electricity exchange CROPEX has expanded its operations into Slovenia’s day-ahead electricity market, marking a significant step in its regional growth as competition intensifies across Europe’s increasingly integrated power market. CROPEX began operations in Slovenia on October 21 under the...
Supported byVirtu Energy