Foreign Minister welcomes agreement between Hungarian-Azeri energy companies
The foreign minister said the agreement has further secured Hungarian energy security.
The foreign minister said the agreement has further secured Hungarian energy security.
The Hungarian government aims to ensure that as much energy as possible is produced from domestic sources.
Speaking in Brussels on Thursday, after a meeting of the European Union’s Foreign Affairs Council, the foreign minister said the only solution to the situation is peace.
The scheme is aimed at increasing the security of supplies and boosting renewable energy sources such as wind and solar power.
Minister Szijjártó expressed Hungary’s gratitude for Turkey's role in guaranteeing the country’s energy security.
Minister Szijjártó said Hungary, which has little natural gas of its own, is striving to diversify its energy resources “rather than just changing the geographical direction of the dependence”.
Minister Varga said the two countries are planning to hold a joint cabinet session this year, to boost ties based on shared values and interests.
The foreign minister said Hungary can buy oil either via Croatia or Ukraine, and transit fees have increased significantly in both directions.
A V4 statement expressed support for the independence and sovereignty of Ukraine and for preserving the country’s territorial integrity within its internationally recognized borders.
Under the Hungarian scheme, the higher gas and electricity costs of businesses are partially supported in the form of loans and guarantees.
The foreign minister said that although Europe is “proud to have gotten through the winter”, a recent report by the International Energy Agency indicates that energy supply security will be critical in the next heating season.
Minister Szijjártó said that regardless of the war and the sanctions, the Paks contract had to be modified because of the technical and technological changes seen in the nine years since it was signed.
Minister Szijjártó said the current geopolitical crisis had laid bare the vulnerability of European supply lines.