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Hungary Reaches Rolitical Agreement on Polish LNG Delivery

Trade

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Hungary has reached a political agreement paving the way for deliveries of gas from an LNG terminal under construction in Gdansk, Minister of Foreign Affairs and Trade Péter Szijjártó said after a meeting with Poland's minister for energy, Anna Moskwa, on Wednesday, state news wire MTI reports.

Speaking in Karpacz, where he is participating at an economic forum, Szijjártó said the LNG terminal offered a new opportunity to diversify Hungary's energy supply in a statement issued by his ministry.

The LNG terminal is set to have an export capacity of 4 billion-4.5 bln cubic meters a year.

He noted that interconnectors exist between the gas networks of Poland and Slovakia, and Slovakia and Hungary.

Hungarian energy company MVM signaled its intent to contract capacity from the terminal, he said, adding that the binding phase for booking capacity had started in September.

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