Hungary could buy LNG from Qatar from 2021
Hungary could start taking deliveries of liquefied natural gas (LNG) from Qatar from 2021, Minister of Foreign Affairs and Trade Peter Szijjarto told Hungarian news agency MTI by phone from Doha on Tuesday.
"The Qataris have expressed their clear-cut openness to start negotiations with Hungary on [LNG] deliveries via Croatia. Qatari gas could appear in Hungaryʼs energy mix as soon as 2021, improving the security of the countryʼs energy supply and contributing to more favorable prices," Szijjártó said.
Szijjártó noted that an LNG terminal Croatia is building off the coast would be completed in January 2021, providing the infrastructure necessary for Hungary to take deliveries of Qatari gas.
Qatar exports more than 100 billion cubic metres of gas a year at present and wants to raise that volume to an annual 145 billion cubic metres, he added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.