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Hungary Secures Five-Year LNG Deal with US
(MENAFN) Hungary has finalized an agreement to import a total of 2 billion cubic meters of liquefied natural gas (LNG) from the United States over the coming five years, according to the nation’s foreign minister on Tuesday.
"Today we have reached an important milestone in American-Hungarian energy cooperation by signing a contract for 400 million cubic metres of LNG a year," Peter Szijjarto shared on US social media platform X.
Under the deal, 2 billion cubic meters of LNG will be delivered to Hungary across the next five years after the Hungarian state-owned energy company MVM entered into an agreement with the American firm Chevron.
"We are interested in purchasing energy from as many sources and via as many routes as possible, ensuring the lowest prices," Szijjarto emphasized.
Highlighting concerns over national energy security, Hungary has consistently voiced its opposition to ceasing imports of Russian oil.
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