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Hungary will receive 3 billion from the Russian gas over 4-5 years

Staff writer |
Hungary will receive gas from Russia worth 3 billion over the next 4-5 years, said Viktor Orban, Hungary's prime minister after conference President Vladimir Putin's visit in Budapest.

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Orban said the government had already escaped the conclusion of another agreement with Russia on gas supplies. According to him, it would not be presently preferred due to the huge volatility in oil prices, reports

It was found, however, that 3 billion from the sum to Budapest should pay Moscow until the end of the year, as in force since 1996. Agreement will be transferred as receiving gas. The problem was that the demand for gas in Hungary declined significantly over the past 6-7 years and they have not received a minimum quantity stored in the contract, but were required to pay for it.

At the current price of $ 260. per thousand. cubic meters. Hungary gas will have a total of 3 billion provided gas for about 4-5 years.

Orban said that the Hungarian government will continue to strive for as many ties with the European energy system.

Portal reported, however, that Hungary wants to increase its gas supplies from the current 700 million cubic meters. 3 billion and Russia is willing to cooperate in this area.

According to the website during Tuesday's talks with Putin Orban important issue was the question of the debt to Russia formed after the closing of three years ago, the Hungarian airline Malev.

As the portal, the government managed to dodge before asking Putin to the Hungarian state returned part of the capital invested in this line by the Russian state bank Vnesheconombank. The plans are to pay off this debt from the profits of the joint enterprise established in Russia in such a way that the Russian side has received greater part of them.

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