Hungary To Sign New Long-Term Gas Supply Deal With Russia
Hungarian Foreign Minister Peter Szijjarto and Russian gas
giant Gazprom chief Aleksei Miller are expected to sign a new long-term gas
supply deal for Hungary on September 27 in Budapest.
Budapest said last month that it had agreed with Moscow on
all the conditions for a new long-term gas supply deal to take effect from
October 1.
Szijjarto said at the end of August that the duration for
the agreement with Gazprom would be for 15 years, with a clause to change
purchased quantities after 10 years, adding that the price had also been
agreed.
Gazprom would ship 4.5 billion cubic meters of natural gas
to Hungary annually, Szijjarto said. Two routes will be used -- 3.5 billion
cubic meters will come via Serbia and 1 billion cubic meters via Austria.
Hungary has relied on Russia for most of its gas imports
delivered via a pipeline through Ukraine, but in recent years it has
diversified imports, opening cross-border interconnectors with most of its
neighbors and securing supplies from Royal Dutch Shell via a
liquefied-natural-gas terminal in Croatia.
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