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Hungary concludes agreement with Gazprom on 2019 Russian gas shipments

Staff Writer |
“An agreement has successfully been reached with Gazprom on the quantity and price of next year’s natural gas shipments to Hungary, in addition to which negotiations have also begun on gas shipments for 2020”, Minister of Foreign Affairs and Trade Péter Szijjártó said in a telephone statement to Hungarian news agency MTI after taking part in the St. Petersburg International Economic Forum.

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“Thanks to our efficient cooperation with Russia, Hungary’s natural gas supply has also been assured for the upcoming years”, Mr. Szijjártó said, drawing attention to the fact that the long-term Hungarian-Russian gas purchasing agreement currently in effect is valid until 2021.

During his trip to St. Petersburg, the Minister met with, amongst others, Russian Foreign Minister Sergei Lavrov, Industry Minister Denis Manturov, and Deputy CEO of Rosatom Kirill Komarov.

In the statement, Mr. Szijjártó also said that preparative work for a gas supply point to provide Hungary with natural gas from the south is continuously ongoing. He reminded the press that in accordance with the agreements previously concluded with Bulgaria and Serbia, further quantities of natural gas will be arriving in Hungary from the south thanks to the modernisation of the Bulgarian and Serbian gas pipeline systems.

“The Paks Nuclear Power Station expansion project, which will guarantee Hungary’s long-term competitiveness and low public utility costs, is moving forward according to schedule. All of the environmental permits required for construction have come into effect and are legally binding, and all EU barriers have also been lifted”, he said.

“We will be opening the construction site to Rosatom at the end of February, and the implementation of the financing agreement has also begun”, Mr Szijjártó added.

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