Given that Hungary consumes around 8 billion cubic meters of gas per year, that would cover 5% of its demand, according to international news wire Reuters. France’s Engie did not specify the origin of the gas it will supply to Hungary.
The deal, effective from 2028 to 2038, marks Hungary’s longest-term LNG supply contract to date, Minister of Foreign Affairs and Trade Péter Szijjártó said. He described the agreement as a future “pillar” of Hungary’s energy security and emphasized that the government sees diversification as adding new sources of energy supply rather than replacing existing, well-functioning ones.
The deal follows another Hungary signed last month with Shell to buy 200 mcm of natural gas a year from January 2026, equal to around 2.5% of its demand.
Hungary signed a 15-year deal in 2021 with Russia to buy 4.5 bcm of gas annually, and increased purchases from Gazprom last year, importing some 7.5 bcm of Russian gas via the Turkstream pipeline, Reuters reports.
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