Hungary and Gazprom signed an agreement on safe and affordable natural gas transport.

The Hungarian MVM and the Russian company Gazprom have signed an additional commercial contract, thanks to which Russian natural gas will continue to arrive in Hungary at a competitive price, the Minister of Foreign Affairs and Trade, who is reporting from St. Petersburg, announced on his Facebook page on Thursday.

"The task and duty of the Hungarian government is to ensure that the country's energy supply is secure in the long term, and that this is done at a competitive price that enables the maintenance of the utility reduction results," wrote the head of the ministry, according to whom, in the case of natural gas supply, these two aspects the guarantee is fair cooperation between Hungary and Russia, and between Hungary and Gazprom.

The security of the supply is the long-term contract concluded in 2021 for 15 years, and the competitiveness of the prices is the continuously concluded supplementary commercial contracts which reduce the price of purchased natural gas, highlighted Szijjártó, adding: thanks to this practice, this year at a competitive price of 6.7 billion cubic meters of natural gas of Russian origin arrives in Hungary.

On Thursday, MVM and Gazprom signed an agreement to maintain this practice, which is favorable for Hungary, concluded Péter Szijjártó.

The most important step in recent years in terms of Hungarian energy security was the construction of the Turkish Stream pipeline, reminded Szijjártó in his latest post, and then pointed out that many people cannot adequately appreciate the importance of this because fortunately they did not have to experience the lack of energy security.

"If we had yielded to the pressure of friends and allies, if we had buckled down because of the threats of sanctions and had not dared to build the Turkish Stream, we would be in huge trouble today because the transit of Russian gas through Ukraine will cease from January 1.

Without Turkish Stream, it would simply be physically impossible to supply the country with a sufficient amount of natural gas," emphasized the head of the ministry.

We are grateful to our Turkish friends, who not only built this pipeline with us, but since then have once again acted as a reliable transit country, thanks to which we can now buy the 20 million cubic meters of delivered volume per day and more gas through the Turkish Stream than we did last year , added Szijjártó, emphasizing that the fact that Hungary became the first country not neighboring Turkey to which the Turks exported natural gas also played a role in this.

Cover photo: Péter Szijjártó applied from Saint Petersburg
Source: Facebook/Péter Szijjártó