Hungary has filed a legal challenge at the European Court of Justice against the European Union’s REPowerEU regulation banning the import of Russian energy.
Europe must continue to support the modernization and capacity expansion of fossil fuel infrastructure in order to ensure security of supply, Energy Minister Csaba Lantos said at Monday’s meeting of...
The European Union is endangering global security by glorifying attacks on energy systems, as such rhetoric sets a highly dangerous precedent that others around the world may cite as justification.
The company operating the TurkStream natural gas pipeline will relocate from the Netherlands to Hungary, ensuring the continued operation of the pipeline despite legal and financial attacks.
Despite broad public opposition, the Tisza Party has officially committed to implementing the European Union’s embargo on Russian oil and gas, a policy that would impose severe economic costs on Hungarian households.
Minister Szijjártó said that banning Russian energy sources would multiply utility costs.
"We agreed to stay in close contact so as to protect our national interests," the foreign minister said.
The prime minister said the conflict between Iran and Israel would further increase energy prices in Europe.
Minister Szijjártó said the latest plans by von der Leyen and Zelensky involved banning Russian crude oil and natural gas purchases by Hungary, which would quickly result in an increase in utility fees.
"The Russia-Ukraine war and the ill-advised sanctions have made European energy prices skyrocket," the prime minister said.
Minister Szijjártó said that "the von der Leyen-Zelensky plan" would bring about the risk of energy prices doubling in Hungary.
The foreign minister warned that, if the plan was implemented, the cost of Hungary's energy supply would climb by an annual EUR 2bn, causing household utility bills to double or triple.
"We won't let ourselves be made to pay for the latest lunacy in Brussels," PM Orbán said.