Russia will continue to supply gas and oil to Hungary, Hungarian Foreign Minister Peter Szijjarto shared on June 19 during his visit to Russia.
In Russia, the Hungarian diplomat held talks with Russian Deputy Prime Minister Alexander Novak and leaders of leading energy corporations such as Rosatom and Gazprom.
The information was released in the context of the European Commission's goal of ending imports of Russian liquefied natural gas and liquefied natural gas (LNG) by the end of 2027. This is a plan that Hungary and Slovakia strongly opposed.
We have agreed with Russian officials and business leaders to maintain cooperation, despite efforts to obstruct from Brussels and Kiev. Oil supply continues, gas continues to flow through the TurkStream pipeline, while the Paks II nuclear power project is still proceeding" - Foreign Minister Szijjarto posted on social network X.
Mr. Szijjarto also said that in 2025, Russia plans to supply Hungary with 8 to 8.5 billion cubic meters of gas, equivalent to exploiting the maximum capacity of the TurkStream pipeline. In addition, about 2 billion cubic meters of gas from Hungary is being re-exported to Slovakia each year.
Hungarian Foreign Minister Peter Szijjarto said that the oil pipeline from Croatia is not enough to meet Hungary's oil demand. Therefore, the country will continue to maintain Russian oil supplies via the Druzhba pipeline.
In other developments related to Russian gas and oil, Turkey is ready to increase purchases of Russian gas, but this depends on trade factors.
The information was shared by Russian Deputy Prime Minister Alexander Novak after a meeting with Turkish Energy Minister Alparslan Bayraktar.
Turkey clearly wants to buy more. But the problem lies in whether this is commercially attractive, Novak said when asked whether Turkey wants to increase its gas imports from Russia.
Russian officials noted that the supply volume has not been discussed because this is the content of direct negotiations between Russia's Gazprom and Turkey's Botas.
Regarding the plan to establish a gas hub in Turkey, Mr. Novak confirmed that the two sides had discussed the issue.
"We have discussed and will now assign relevant ministries to clarify details from an economic perspective as well as factors that are hindering implementation" - he said.
Currently, Gazprom's contracts with Botas concern the supply of 16 billion cubic meters of gas per year via the Blue Stream pipeline and 5.75 billion cubic meters via TurkStream. The contract will expire in 2025. Many agreements with private importers will also expire at the end of 2025 or early 2026.
In 2024, Turkey will import 52 billion cubic meters of gas, of which 21 billion cubic meters will come from Russia and 7 billion cubic meters will come from Iran.
