Hungary: Gas-energy agreements with Russia upgraded?

5. July 2016. / SEE Energy News

Hungarian Minister of Foreign Affairs Peter Szijjarto announced that the long-term gas agreement between Hungary and Russia has been modified during the International Economic Forum in St. Petersburg and that the prices were favorably changed for Hungary.

Minister Szijjarto had a series of meetings at the Economic Forum: with Russian Minister of Industry and Trade Denis Manturov, Head of Gazprom Alexey Miller, Russian Minister of Energy Alexander Novak and CEO of Rosatom Sergey Kiriyenko.

Hungarian-Russian long-term agreement on gas supply was recently extended until 2019 after a meeting of Hungarian Prime Minister Viktor Orban and Russian President Vladimir Putin this February.

Szijjarto also discussed the project for the expansion of the country’s sole nuclear power plant Paks, stating that the preparations are going according to plan and it is expected that new reactors will be put into operation in the mid-2020s. He also said that the idea of involving the Hungarian state-owned energy company MVM in other NPP projects that Rosatom is currently constructing, transmits Serbia-energy.eu

Download as PDF :

Download PDF