Hungary has concluded its longest-ever liquefied natural gas (LNG) supply agreement with French company Engie, securing long-term energy stability through a 10-year contract running from 2028 to 2038.
Under the deal, Hungary will import 400 million cubic meters of LNG annually, amounting to a total of 4 billion cubic meters over the contract period. Deliveries will be facilitated through cooperation between state-owned MVM CEEnergy and Engie Energy Marketing Singapore. Hungarian officials described the agreement as a cornerstone of the country’s energy strategy and praised Engie as a reliable partner.
The government placed the deal in the wider context of global energy challenges, citing volatile markets, recurring crises, and supply chain disruptions caused by geopolitical tensions. Officials stressed that energy security for a landlocked country like Hungary is shaped by geography and infrastructure. The country currently has pipeline connections with six of its seven neighbors, following major investments in cross-border interconnections worth several hundred million euros.
Authorities emphasized that diversification does not mean abandoning existing suppliers but rather expanding the number of sources and routes to improve resilience. True diversification, they argued, lies in securing multiple supply options while maintaining stable partnerships.
The government also underlined that energy policy is an integral part of national sovereignty, insisting that decisions on supply must remain under Hungarian control. It warned against external political pressure, interference, and additional costs linked to international conflicts. Officials concluded that the agreement with Engie strengthens both supply security and Hungary’s right to shape its own energy future.
