Hungary, Dependant on Russian Gas, Signs 10-Year Deal with Britain’s Shell

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Hungary will sign a long-term natural gas purchase contract with the Shell energy group. This will not only preserve existing energy sources but also enable the inclusion of new ones in Hungary's supply, Minister of Foreign Affairs and Trade Péter Szijjártó announced in Milan on Tuesday.

telex.hu

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Hungary reached an agreement with Shell, the quantity will not significantly transform the market.

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Hungary, which is heavily dependent on Russian natural gas, signed a new supply deal with British energy giant Shell on Tuesday, although it said it was not diversifying supplies from Russia.

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According to Foreign Minister Pétr Szijjártó, the new supplies are not intended to replace Russian gas.

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Hungary, which is heavily dependent on Russian energy, signed a new gas supply contract with British energy giant Shell on Tuesday, AFP reports. Budapest has remained the Kremlin's closest partner in the European Union despite the invasion of Ukraine and has resisted calls to reduce its dependence on Russia for energy supplies. The Hungarian government has opposed Brussels' plan to end imports of Russian fossil fuels and secured an exemption fro…