Hungary’s current contract with Russian energy company Gazprom ensures the country’s security and is a “good” deal. During the energy crisis, the authorities of the European state did not have to impose any restrictions against the background of an uninterrupted supply of fuel from Russia, opens Words from Peter Szijjarto RIA Novosti, head of the Hungarian Ministry of Foreign Affairs (MFA).
In September 2021, the current contract for the supply of natural gas was signed between Hungary and Gazprom. According to the terms of the agreement, the annual fuel import volume should be at the level of 4.5 billion cubic meters. In this mode, deliveries will continue for the next 15 years.
“I would say it’s a good deal for the gas purchase agreement and it’s an agreement that provides security. “In the most difficult times of the energy crisis, Hungary did not have to impose any restrictions, our gas supply has always been secured and will be provided by this agreement,” he said.
According to him, according to the current contract terms, the gas price for Hungary is determined with a two-month delay for the fuel stock price. Therefore, importers do not face the risk of rapid changes in gas prices supplied to the country.
“We will not pay a higher price for two months in case of an increase in prices in the world market, because the contract is only for two months after price changes in the world market,” the minister said.
April 11, Hungarian Foreign Minister Peter Szijjártó declaration On the extension of the agreement with the Russian state energy company Gazprom, according to which Hungary has the right to postpone gas payments in case of a sharp increase in prices. On October 13, 2022, the Hungarian energy company MVM signed an agreement with the Russian Gazpromexport to delay gas supply payments due to sharp price fluctuations in winter.