Now, however, there is a good chance that this will only be possible at very high prices, which could cause Hungarian energy company MVM serious difficulties in the second half of the year at the latest.Continue reading
Gas deliveries continue to flow to Hungary on schedule, without obstructions and according to the country’s long-term contract with Russia, Péter Szijjártó, the minister of foreign affairs and trade, said on Wednesday, commenting on news reports that Russia had stopped deliveries to Poland and Bulgaria.
Some 3.5 billion cubic meters of gas arrive in Hungary via Turkey, Bulgaria and Serbia every year, which is a “significant” portion of the country’s annual consumption, Szijjártó said in a post on Facebook.
While Russia has stopped delivering the gas intended for consumption in Bulgaria, transits are untouched by the measure, he said. “I would like to put everyone’s mind at ease: the suspension of deliveries to Bulgaria does not include transits across the country,” he said.
Meanwhile, Russian state-owned energy company Gazprom has decided to request payments in roubles, in view of the sanctions hitting Russia due to the war in Ukraine. “We have found a solution where [Hungary] will pay in euros to an account set up at Gazprom Bank, which will then exchange it to roubles and transfer it to Gazprom Export,” Szijjártó said.
Slovakia has chosen the same method of payment, according to a statement of the Slovak economy minister on Tuesday, Szijjártó said.
Featured photo by Lajos Soós/MTI