Hungary, Country will continue talks with Russia on increasing gas supplies and expects to reach an agreement with Gazprom

, SEE Energy News

Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said that the country will continue talks with Russia on increasing gas supplies and expects to reach an agreement with Gazprom on increased supplies next month.

Minister Szijjarto made an unannounced trip to Moscow in July to discuss the purchase of an additional 700 million cubic meters of gas to add to the 4.5 billion delivered each year to Hungary before the conflict in Ukraine. These additional supplies started pouring into Hungary in early August.

He stressed that Hungary will continue discussions with the Russians on increasing gas supplies, adding that an agreement on increased daily deliveries with Gazprom will be reached in the next few days. However, he did not give details on volumes or prices.

According to the data of the National Energy Regulatory Authority (MEKH), on 1 August, Hungary had stored reserves of 3.25 billion cubic meters of gas, more than 51 % of its storage capacity.

Last year, Hungary signed a 15-year agreement with Gazprom regarding the delivery of 4.5 billion cubic meters of gas.