Gazprom Extra Gas Deliveries to Hungary to Rise to 5.8 mln m3 per Day

Energy Trade

Gazprom will deliver up to 5.8 million cubic meters of gas per day to Hungary in September and October above the volume stipulated in the country's long-term contract, via Serbia, Minister of Foreign Affairs and Trade Péter Szijjártó said on Facebook on Wednesday, according to a report by state news wire MTI.

Speaking on the sidelines of an informal conference of European Union foreign ministers in Prague, Szijjártó said Gazprom delivered up to 2.6 million cubic meters of gas per day in August in addition to the volume stipulated in the long-term contract.

The minister said representatives of Hungary had signed the relevant agreement with Gazprom. 

Szijjártó said the deliveries of the additional volumes depend on "technical and technological issues".

The additional volumes contribute to the safety of Hungary's energy supply, he said, adding that there will be sufficient gas in Hungary.

Szijjártó noted that reserves in Hungary's gas storage facilities have exceeded 36.5% of annual average consumption compared to the EU average of 21.5%.

He said Hungary's government aims to achieve maximum energy security and to avoid gas shortages causing economic difficulties in the country. This is why the cabinet decided to purchase additional volumes of gas, the minister said.

Due to the geographical location of the country and the pipelines, "it is physically impossible" to ensure Hungary's energy supply without using and taking into account Russian gas sources, he added.

Hungary Signs HUF 6 bln Tied Aid Deal With Kenya Analysis

Hungary Signs HUF 6 bln Tied Aid Deal With Kenya

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.