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energy supply

Hungarian–Ukrainian FM Meeting Sparks Hope for Improving Neighbourly Relations

‘Our meeting convinced me that we have every reason to hope that the will to develop neighbourly relations is mutual, and that it is common that these neighbourly relations can, over time, develop into good neighbourly relations,’ Hungarian Minister of…

FM Szijjártó: ‘Without Russian oil we will simply not survive’

‘If Hungary does not receive more oil from Russia, we will simply not survive; we will not be able to supply the country,’ Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó emphasized in an interview with the Russian TV…

A Giant Step Towards Energy Diversification — Hungary to Buy Stake in One of the World’s Largest Gas Fields in Azerbaijan

The Hungarian MVM Group is set to buy a stake in Shah Deniz, one of the world’s largest natural gas fields, in Azerbaijan. This move will significantly strengthen Hungary’s energy supply and represents another major step towards independence from Russian…

Hungarian–Serbian–Sloven Regional Power Exchange to Start in Late 2024

In the second half of 2024 a regional power exchange known as the BlueSky Project is poised for launch, involving Hungary, Slovenia, and Serbia. Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó stated in Budapest on Tuesday that the…

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