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Gazprom Starts Delivery of Additional Gas to Hungary

Energy Trade

Gazprom started delivery of additional gas to Hungary - above the volume stipulated in the country's long-term contract - in the morning on Friday, Ministry of Foreign Affairs and Trade state secretary Tamás Menczer said in a post on Facebook on Saturday, according to a report by state news wire MTI.

Menczer noted that the government had earlier decided to procure an additional 700 million cubic meters of gas to ensure Hungary's supply as Europe faces an energy crisis caused by the war and sanctions. Talks Minister of Foreign Affairs and Trade Péter Szijjártó held in Moscow paved the way for an agreement on the basis of which Gazprom has started delivering additional gas volume, he added.

In the initial phase, Gazprom will deliver a daily 2.6 million cubic meters of additional gas through the TurkStream pipeline until the end of August, he said. Talks are underway on the pace of deliveries in September, he added.

Menczer noted that Hungary's gas storage facilities are at over 32% capacity, while the European Union average stands under 20%.

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