Hungary seeks additional gas in Moscow

Energy Trade

Péter Szijjártó with his Russian peer Sergey Lavrov

Image: Facebook

Minister of Foreign Affairs and Trade Péter Szijjártó visited Moscow on Thursday with a government mandate to buy an additional 700 million cubic meters of gas, according to a report by state news wire MTI.

At a joint press conference with his Russian peer, Sergey Lavrov, Szijjártó said Hungary has taken steps to make additional pipeline capacity available for the delivery of 20 million cubic meters of gas a day. He added that the Hungarian government has taken decisions on financing for the additional gas volume and signed the necessary agreements.

Talks have started at the professional and corporate levels, Szijjártó said, adding that his trip to Moscow was intended to advance the delivery of the extra gas.

"In the current market situation, it is clear that getting another 700 million cubic meters of gas is impossible without deliveries from Russia, whether we like it or not," he said.

The government issued the mandate to buy the gas, in addition to volumes Hungary is getting in the framework of long-term delivery contracts, a week earlier, declaring an energy "state of emergency" as gas shortages in Europe loomed.

Lavrov said Russia would "immediately weigh" Hungary's request for more gas.

In addition to ensuring Hungary's secure energy supply in the coming months, Szijjártó said he had also come to Moscow to make clear that "Hungary wants peace as soon as possible" and urged an immediate ceasefire and peace talks.

He added that Hungary does not wish to be "on the periphery", again, between two blocs.

In addition to meeting with Lavrov, Szijjártó held talks with Alexander Novak, Russia's Deputy Prime Minister for the Fuel–Energy Complex, and with Denis Manturov, the Deputy PM for Trade and Industry.

ADVERTISEMENT

Hungarians Want to Live to 96 Analysis

Hungarians Want to Live to 96

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Wizz Air Malta Names Managing Director Appointments

Wizz Air Malta Names Managing Director

2 Protests to Take Place in Budapest on Aug 20 City

2 Protests to Take Place in Budapest on Aug 20

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.