ADVERTISEMENT

Hungary reaches deal with Russia on gas deliveries

Energy Trade

Hungary has reached a political agreement with Russia on the continuation of gas deliveries after its long-term contract expires in October, Minister of Foreign Affairs and Trade Péter Szijjártó said in Moscow on Friday, according to a report by state news wire MTI.

The agreement was reached with Russian Deputy Prime Minister Alexander Novak, Szijjártó said. Gazprom and the Hungarian companies affected by the deal must negotiate the technical details, volume, and price, he added.

The long-term gas contract has been in place for 26 years.

Szijjártó confirmed that a 15 km interconnector between the gas networks of Hungary and Serbia would be completed by October, allowing the delivery of 6 billion cubic meters of gas annually from the south.

ADVERTISEMENT

MKIK: Local business tax should be maintained Analysis

MKIK: Local business tax should be maintained

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.