Hungary Could Start Taking Qatari Gas Deliveries From 2027

Energy Trade

Hungary could start taking deliveries of Qatari gas from 2027, Minister of Foreign Affairs and Trade Péter Szijjártó said ahead of the third meeting of the Hungarian-Qatari Joint Economic Commission in Budapest on Friday, according to a report by state news wire MTI.

Talks on the delivery of Qatari gas, mainly LNG, are underway, Szijjártó said.

Qatari-Hungarian cooperation will be "decisive" from the aspect of economic growth and energy security in the future, he said, speaking before a meeting with Qatari Minister of Commerce and Industry Sheikh Mohammed bin Hamad bin Qassim Al Abdullah Al Thani.

Hungary's exports to Qatar reached a record EUR 67 million last year, but there is "much growth potential" in the areas of energy, farming, the healthcare and defense industries, and food security, he said. Hungary wants to see an investment protection agreement with Qatar signed "as soon as possible", he added.

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