Signed in Budapest on Monday, the agreement will contribute to Hungary’s energy security and maintaining the system of regulated utility prices for households, Szijjártó said.
With the agreement, the dominance of Hungary’s gas deliveries from the south has increased, he added. Szijjártó pointed to Romania’s large energy production and storage capacity as well as its access to alternative gas supply routes.
He said that the interconnector between the gas networks of Hungary and Romania had an annual capacity of 2.6 billion cubic meters. Last year, 1.8 bln cubic meters of gas were delivered through the interconnector, he added.
Szijjártó noted talks were underway on purchasing gas from an offshore project in Romania that was set to make the country a net gas exporter. The Black Sea gas field project will serve the diversification of energy supply in the region, he added.
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