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Shah Deniz

President of Uzbekistan Shavkat Mirziyoyev and President of Azerbaijan Ilham Aliyev hold a meeting at Ak Saray Presidential Palace in Tashkent, Uzbekistan on 23 August 2024.

Azerbaijani and Uzbek Green Energy to Be Exported to Europe through Hungary

Hungary has been proactive in building strong economic ties and investing in energy production in Kazakhstan, Azerbaijan, and Uzbekistan. Hungarian companies, such as MVM and MOL groups, play a key role in oil production in Kazakhstan and natural gas production…

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…

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