Hungary has fulfilled all tasks to prevent suffering serious consequences from the energy crisis, Foreign Minister Péter Szijjártó said on Thursday.
Szijjártó told a panel discussion focusing on the future of traditional energy during an event dubbed Russia Energy Week in Moscow that “it is not an exaggeration to say that the European energy market is in crisis”. He said the crisis had been caused by three factors: political issues being confused with energy issues, a hostile approach to natural gas and a further cooling of Europe-Russia relations.
“Could the European Union make an improvement correcting these mistakes, we would get closer to a solution,” he added.
“Hungary has fulfilled its tasks in order to prevent suffering serious consequences from the crisis” by creating an opportunity for Hungarian consumers that the price of gas will not increase regardless of global market trends, he said. “We can continue preserving the achievements of the public utility fee reduction scheme,” he added.
Hungary has signed a long-term gas purchase contract with Russia and gas storage facilities in Hungary are 82 percent full, far above the European average, he added.
Other European countries could have also made the strategic decisions to fill storage capacities but they failed to do so, which has contributed to the development of the current difficult energy market situation in Europe, he said.
Szijjártó met Russian energy minister Alexander Novak and Serbia’s deputy prime minister in charge of energy affairs Zorana Mihajlovic in Moscow on Thursday, as well as Azeri energy minister Parviz Shahbazov and United Arab Emirates energy minister Suhail Mohamed Al Mazrouei. Szijjártó also held talks with Russia’s Minister of Sport Oleg Matytsin.
Featured photo by Zoltán Máthé/MTI