After months of negotiations MOL Group has finalized commercial agreements with its joint venture partners, Azerbaijani SOCAR and British BP, for the extraction of natural gas reserves in Azerbaijan. This positions the Hungarian oil and gas company as the third-largest…
‘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…
As Hungary holds the presidency of the Council of the EU, it can leverage its influence to set the EU’s agenda in favour of increased imports of Turkmen gas, presenting it as a strategic and cost-effective alternative to Russian energy…
According to Ukrainian presidential advisor Mykhailo Podolyak, Kyiv plans to shut down the Druzhba oil pipeline starting from 1 January 2025. This pipeline is a key route through which Russian oil reaches Europe, including Hungary, Slovakia, and the Czech Republic….
Ukraine’s decision not to renew its contract with Gazprom has raised concerns in many about how Russian gas will reach Europe in the future. Kremlin spokesman Dmitry Peskov indicated that Russia could still meet European customers’ needs through the Turkish…
Bulgaria has offered to help maintain Hungary’s energy security if Ukraine does not resume Russian Lukoil oil shipments to Hungary in the near future. Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó called Sofia’s offer a sincere gesture of…
The Eastern Opening policy has greatly enhanced Hungary’s ability to diversify its natural gas import sources and the commencement of Turkish natural gas deliveries on April 1st, 2024, will amplify this policy’s effectiveness. For further diversification, there’s an emphasized need…
While Turkish–Hungarian relations are based on mutual interests, Ankara regards Hungary as a strong ally, and a country that is linked to Turkey by a sense of kinship, according to Turkish Ambassador to Hungary Gülşen Karanis Ekşioğlu….
The National Assembly of Bulgaria passed a new, €10.2 per megawatt-hour tax on Russian gas coming through the TurkStream pipeline. President Aleksandar Vučić of Serbia and Foreign Minister Péter Szijjártó of Hungary have condemned the decision….
‘Since the European Union currently refuses to contribute to the financing, Brussels has lost any right to intervene in where Central European countries, including Hungary, source their natural gas from,’ Péter Szijjártó stated….
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