ADVERTISEMENT

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.

Paks II Work 'Rumbling Ahead,' Says Szijjártó Power

Paks II Work 'Rumbling Ahead,' Says Szijjártó

Hungary Solar Capacity Climbs Over 6,700 MW Government

Hungary Solar Capacity Climbs Over 6,700 MW

New Tenants at Academia Offices Office Market

New Tenants at Academia Offices

Visitor Numbers, Guest Nights Climb in H1 Tourism

Visitor Numbers, Guest Nights Climb in H1

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.