Hungary Signs Deal Paving Way for Qatari Gas Purchases
Péter Szijjártó
Photo by kormany.hu/Gergely Botár
Hungary has signed a political agreement clearing the way for the start of talks between energy group MVM and QatarEnergy on the purchase of Qatari gas, Minister of Foreign Affairs and Trade Péter Szijjártó said in Doha on Wednesday, according to a report by state news wire MTI.
Szijjártó said Qatar is the world's second-biggest exporter of LNG and is upgrading production and delivery capacities.
He added that Hungary could "realistically" start taking deliveries of Qatari gas within three years if Croatia scales up the capacity of its LNG terminal on the Adriatic coast.
Szijjártó said an investment protection agreement between Hungary and Qatar has been finalized.
He noted that bilateral trade between the two countries reached a record USD 60 million last year.
Lenders' Home Loan Outlays at HUF 344 bln in H2 2023
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
