Hungary Receiving LNG From Qatar From 2027

Energy Trade

Minister of Foreign Affairs and Trade Péter Szijjártó speaking at the 4th Budapest LNG Summit Conference earlier this year.

Hungary will begin to receive shipments of liquefied natural gas from Qatar in 2027, Minister of Foreign Affairs and Trade Péter Szijjártó told a news conference on Friday.

The surge in demand for LNG, prompted by Russia's incursion into Ukraine, has led to Qatar and the United States assuming more prominent roles in furnishing Europe with gas. This shift has compelled landlocked nations like Hungary to diversify their energy sources.

Szijjártó stated, "A political consensus has been achieved, paving the way for discussions between energy companies Qatargas and Hungary's MVM. These discussions will ascertain the volume, pace, and route of the gas supply to Hungary starting in 2027."

The foreign minister noted that Qatar, the world's foremost LNG exporter, won't have any available export capacity until 2027.

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