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“I would like to reassure all that Hungary’s energy supplies are and will remain secure,” Péter Szijjárto, Hungary’s Foreign Minister, said on Saturday.

On the basis of the contract concluded by MVM affiliate CEEnergy and Gazprom affiliate Gazpromexport and the technical talks conducted over the past few days, Hungary can pay for Russian gas as required by the supplier without violating sanctions by Brussels, Szijjártó said on Facebook.

“We understand that others have different interests but our interest lies in guaranteeing Hungary’s energy supplies. And we do guarantee it because no one should be allowed to force the Hungarian people to pay the price of war,” the minister said.

MOL: Immediate Withdrawal from Russian Oil Would Create Supply Problems
MOL: Immediate Withdrawal from Russian Oil Would Create Supply Problems

Hungary's sole crude oil distillation plant, the Danube Refinery, could be converted to process 100 percent alternative crude oil, but the lead time could be up to 2-4 years, with risks being kept to a minimum, and would involve hundreds of millions of dollars in additional costs.Continue reading

Szijjarto attached an article from the Index news portal citing EC President Ursula von der Leyen as saying that Hungary would breach the EU sanctions if it pays in rubles for Russian energy as promised.

Featured image: Minister of Foreign Affairs and Trade Péter Szijjártó at the announcement of the HTEC Group’s investment in Szeged on March 29, 2022. Photo by Tibor Rosta/MTI


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