Hungary concludes new energy agreements with Russia
Hungary signed new agreements Tuesday to ensure its continued access to Russian energy, a sign of the country’s continuing diplomatic and trade ties with Moscow that have confounded some European leaders amid the war in Ukraine.
Speaking at a news briefing in Moscow, Hungarian Foreign Minister Peter Szijjarto said Russian state energy company Gazprom had agreed to allow Hungary, if needed, to import quantities of natural gas beyond the amounts agreed to in a long-term contract that was amended last year.
The price of the gas, which would reach Hungary through the Turkstream pipeline, would be capped at 150 euros ($163) per cubic meter, Szijjarto said, part of an agreement that will allow Hungary to pay down gas purchases on a deferred basis if market prices go above that level.
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