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Jun 04, 2018

Hungary secures gas deal with ExxonMobil

The deal was signed by Péter Szijjártó, minister of Foreign Affairs and Trade, and Director of ExxonMobil’s Budapest Office Romke Noordhuis

Hungary’s foreign minister has revealed that the government has secured a strategic partnership agreement with US oil and gas company ExxonMobil.

The deal was signed by Péter Szijjártó, minister of Foreign Affairs and Trade, and Director of ExxonMobil’s Budapest Office Romke Noordhuis.

The minister highlighted that ExxonMobil will be playing an important role in shaping Hungary’s future. He added that not only can it help highly-trained Hungarian workers make a living at home here in Hungary, but its gas industry activities will also be reinforcing the security of the country’s energy supply.

He added that the company has acquired the rights to a significant Black Sea gas field, and will be affording Hungary the opportunity to acquire natural gas via Romania from 2022, providing the neighboring country also fulfils its commitments with relation to the project.