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A political agreement has been reached to start inter-company negotiations on the future purchase of natural gas from Qatar between MVM and QatarEnergy, Minister of Foreign Affairs and Trade Péter Szijjártó announced in Doha on Wednesday.
The Minister said after talks with the Qatari energy and foreign ministers that Europe is facing a serious energy crisis, and that the “explicitly misguided” oil or gas cap is not the solution, MTI reports.
The solution should be clear: the more gas there is, or could be put on the European market, the more secure and safe Europe’s supply would be and the lower the price at which we can buy it,”
Szijjártó explained. He also noted that Qatar has the world’s third-largest reserves of natural gas, is the world’s second-largest exporter of liquefied natural gas (LNG), and is developing production and transport capacity in the Middle East.
The aim of the political agreement is to be able to take into account part of the increased Qatari LNG capacity in a commercially viable agreement in order to guarantee Hungarian gas supplies, Szijjártó pointed out.
He said that it was important for energy security and the economy that the EU strengthened its ties with the Gulf countries, and that this should be based on mutual respect.
If we approach the Qataris in a condescending, lecturing style, it will not be a mutually beneficial cooperation,
the Foreign Minister warned.
He stressed that the European Union also has a role to play here, as infrastructure developments are needed to allow more gas to come to Hungary from LNG terminals in southern or southeastern Europe.
Prime Minister Viktor Orbán also paid a quick visit to Qatar on Tuesday.
Featured photo via Facebook/Szijjártó Péter