Under the agreement, Hungary will buy 4.5 billion cubic meters of gas a year from Gazprom, including 3.5 billion delivered from the south, through Hungary’s interconnector with Serbia, and 1 billion via the pipeline running from Austria. Minister Szijjártó said the price the sides agreed on is much better than the one in the delivery agreement expiring this year. Hungary signed its last long-term agreement on gas deliveries from Russia in 1995.
Hungary and Russia finalize long-term gas deal
“To ensure Hungary’s long-term stable, predictable energy supply, a decision has been taken to reach a new long-term gas supply agreement with Russia,” Péter Szijjártó said.