Hungary is interested in extending its LNG purchasing agreement with Shell beyond 2027 and increasing the current annual purchase volume, Szijjárto said during the conference.

In September 2020, Hungary signed a six-year purchase contract with Shell for 250 million cubic meters (mcm) of natural gas annually between 2021 and 2027.

This was the first long-term liquid natural gas purchase agreement with a Western energy company in Hungary's history.