Hungary Opposed to Mandatory Joint EU Gas Procurement

EU

Hungary will only support voluntary participation in a joint European Union gas procurement platform, Minister of Foreign Affairs and Trade Péter Szijjártó said during a break at a meeting of EU energy ministers in Luxembourg on Tuesday, according to a report by state news wire MTI.

Hungary is not prepared to participate in any kind of mandatory joint procurement, Szijjártó said.

He added that a proposal requiring member states to notify Brussels regarding gas procurements over 472 million cubic meters is "nonsense" and "unacceptable".

Szijjártó reiterated Hungary's stand against allowing "price cap-type measures" to affect long-term contracts in any manner.

He said a solidarity mechanism that would give gas bought with Hungarian taxpayers' money, stored in facilities in Hungary, to other member states is "unthinkable".

He noted that Hungary has enough gas in reserves to cover 52pc of annual consumption, well over the comparable average rate of 27.5% for the EU as a whole.

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