Wednesday, September 1, 2021

Russia-Hungary agree on a gas supply deal bypassing Ukraine effective from October 1.

Hungary will annually receive from Russia 4.5 billion cubic meters of gas: 3.5 billion via Serbia through the Turkish Stream gas pipeline and its overland extension, and 1 billion cubic meters via Austria. The new contract is for 15 years with the possibility of terms renewal in 10 years. Most of the volume will through a new interconnector on the country’s border with Serbia. Until now, most of Hungary’s gas import have been from Russia, supplied through Ukraine.

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