US EditionRussian-Gas Dependent Hungary Signs Supply Deal with France's Engie
Hungary will purchase 400 million cubic meters of liquefied natural gas annually from ENGIE for 10 years starting 2028 to reduce reliance on pipeline imports and enhance energy security.
- In Budapest, the government revealed on Thursday, October 2, that Hungary signed a 10-year LNG purchase agreement with ENGIE, committing to 400 million cubic meters annually from 2028 to 2038.
- Citing geography, Szijjártó said Hungary frames energy supply as geographic due to its landlocked status and pipeline routes, defining diversification as adding sources without replacing existing suppliers amid EU pressure to phase out Russian fossil fuels.
- According to officials, the contract involves ENGIE, with Szijjártó describing it as a milestone for Hungary's energy security, announced Thursday in Budapest.
- Szijjártó said the Hungarian government views ENGIE as a guarantor of energy security and plans future expansion in the coming years.
- Despite the new LNG deal, Hungary's annual consumption was about 8.5 billion cubic meters in 2023, with a 15-year Gazprom contract for 4.5 billion cubic meters annually through 2036, and imports of 7.8 billion cubic meters between October 2023 and September 2024.
14 Articles
14 Articles
Hungary Signs Historic LNG Deal with France’s ENGIE to Bolster Energy Security - Hungarian Conservative
Hungary has concluded the longest liquefied natural gas (LNG) supply agreement in its history with the French company ENGIE, Foreign Minister Péter Szijjártó announced in Budapest on Thursday. Under the contract between MVM CEEnergy and ENGIE Energy Marketing Singapore, Hungary will purchase 400 million cubic metres of LNG annually over a ten-year period from 2028 to 2038, totalling 4 billion cubic metres. Szijjártó called the deal a milestone f…
Hungary announced the signature of the largest leased natural gas purchase contract (GNL) in its history with the French of ENGIE. The ten-year agreement was concluded by MVM, a Hungarian State firm whose E.ON Romania refused to take it.
Hungary signed the largest contract in its history for the purchase of liquefied natural gas (LNG) on Thursday with the French company Engie.
Hungary signed the largest-ever deal to buy liquefied natural gas (LNG) from French company Engie on Thursday, the second deal in as many months that will diversify its supply away from its main energy supplier, Russia, Reuters reports. US President Donald Trump said last month that he would […] The article Hungary Diversifies Its Gas Supply Sources – 10-Year Contract with French Engie first appeared on CursDeGuvernare.ro.
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