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Hungary May Abandon Russian Gas by October 2027

Summary by BizToc
Hungarian Economy Minister Istvan Kapitany claimed on Friday that Budapest is likely to completely switch to non-Russian gas sources by the EU's target date for separation in October 2027.While speaki...

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Lean Right

The Hungarian Minister of Economy and Energy, István Capitan, announced the willingness of the new Government, led by Peter Madyar, to phase out the use of Russian gas by October 2027. Budapest was actively negotiating with neighbouring States, including Romania, as well as with suppliers of liquefied natural gas; to provide alternative supplies, the Republic already had the necessary infrastructure and cross-border pipelines, and handed over TA…

Center

The review of Paks II will be completed by the end of the year, and a decision will be made on whether Hungary needs the new nuclear power plant, said István Kapitány, Minister of Economy and Energy, in an interview with Telex. The Minister would target an energy storage capacity of 3,000–4,000 megawatts by 2030, and would reduce the proportion of electricity imports to around 5 percent by the beginning of the next decade. He also spoke about re…

·Budapest, Hungary
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Lean Left

The Minister of Economy and Energy also said that they would reduce dependence on Russian energy, expand renewable capacities, and put the reduction of utility bills on a new basis.

·Hungary
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Lean Left

The Minister of Economy and Energy gave his first major interview to Telex, where he also spoke about the reduction in utility bills, Paks II, and the wealth tax.

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telex.hu broke the news on Friday, September 18, 2026.
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