- Europe, like you've never read before -
Friday, 30 May 2025
No Result
View All Result
  • it ITA
  • en ENG
Eunews
  • Politics
  • World
  • Business
  • News
  • Defence
  • Net & Tech
  • Agrifood
  • Other sections
    • Culture
    • Diritti
    • Energy
    • Green Economy
    • Finance & Insurance
    • Industry & Markets
    • Media
    • Mobility & Logistics
    • Sports
  • Newsletter
  • European 2024
    Eunews
    • Politics
    • World
    • Business
    • News
    • Defence
    • Net & Tech
    • Agrifood
    • Other sections
      • Culture
      • Diritti
      • Energy
      • Green Economy
      • Finance & Insurance
      • Industry & Markets
      • Media
      • Mobility & Logistics
      • Sports
    No Result
    View All Result
    Eunews
    No Result
    View All Result

    Home » Business » Hungary to buy even more gas from Russia in 2025

    Hungary to buy even more gas from Russia in 2025

    Although the European Union is struggling to sever the umbilical cord that binds it to Moscow's hydrocarbons, Budapest is going against the tide and announcing an increase in imports from the Federation

    Francesco Bortoletto</a> <a class="social twitter" href="https://twitter.com/bortoletto_f" target="_blank">bortoletto_f</a> by Francesco Bortoletto bortoletto_f
    15 October 2024
    in Business, Non categorizzato
    gas

    A view of a petrol station of the Russian oil producer Gazprom Neft and high-rise residential buildings under construction in Moscow on January 12, 2023. (Photo by Natalia KOLESNIKOVA / AFP)

    Brussels – While all EU countries have reduced (with varying outcomes) their dependence on Russian gas over the past two and a half years, one goes against the trend: Viktor Orbán’s Hungary. Which, instead of giving up fossil energy from Moscow, raises and doubles down. Budapest is in talks with Gazprom, the Federation’s energy giant, to increase gas supplies in 2025, and it threatens to block the European sanctions regime if Brussels has any objections.

    “We will increase the volumes” of gas imported from Russia, declared the Magyar foreign minister, Péter Szijjártó, in an interview published Tuesday (Oct. 15) by the Ria Novosti news agency, close enough to the Kremlin to have been sanctioned by the EU and affected by the twelve-star decision not to be allowed to operate in the single market. The willingness of the Hungarian minister sounds like a provocation to the club of 27, of which Budapest is a member.

    “We have already signed” an agreement “for the last quarter of this year, which covers additional volumes” of gas at a competitive price, Szijjártó added, also announcing that an “agreement for next year” is being negotiated with the company. The state-owned company Gazprom and its Hungarian counterpart, Mol, signed a memorandum of understanding for increased supplies last October 10.

    The TurkStream pipeline, an infrastructure strongly desired by Ankara (and completed shortly before the invasion of Ukraine), makes increasing the volumes of methane pumped from Russia possible. The pipeline connects the Federation to the Old Continent through the Black Sea. Once it arrives in Bulgaria, the pipeline takes the name Balkan Stream: Sofia does not source from it but ensures the passage of methane to Serbia and, indeed, Hungary.

    Budapest imports approximately 4.5 billion cubic meters of gas from Moscow each year, per a 15-year agreement signed in 2021. Between gas and oil, as Szijjártó himself recently admitted, Hungary covers almost 80 per cent of its energy needs with Russian hydrocarbons. The central European country has obtained a waiver from Brussels to continue using the Druzhba pipeline, which in English is called “Friendship” (in homage to the purported friendly relationship between the USSR republics) and is the longest in the world. Should that waiver be challenged, Szijjártó said, Budapest will use its veto power to block EU sanctions against Russia, which are currently being renewed unanimously by the Twenty-Seven every six months.

    In the meantime, Kyiv announced that it would not renew the agreement that allows Russian gas to transit to Europe through its territory (along the Urengoy-Pomary-Uzhgorod pipeline, also built in Soviet times, which supplies Austria, Slovakia and Hungary) once it expires next December.

    English version by the Translation Service of Withub
    Tags: gaspeter szijjartorussiaturkstreamukraine

    Related Posts

    Foto: EC - Audiovisual Service
    World politics

    Brussels commits €35 billion to Kiev, funded by profits from frozen Russian assets

    20 September 2024
    map visualization
    Flourish logoA Flourish map
    paesi terzi sicuri

    Review of safe third countries frightens socialists, greens, and the left. Tarquinio (PD): “A very dangerous step”

    by Simone De La Feld @SimoneDeLaFeld1
    30 May 2025

    A group of 38 MEPs asks the European Commission for clarification on the compatibility of the proposal with international law...

    EU working on returns to Syria; Frontex says over 1,000 since March

    by Emanuele Bonini emanuelebonini
    30 May 2025

    Brunner: "Creating the conditions for the safe, voluntary, and dignified return of refugees." Lifting sanctions on Syria a key element

    Protesters gather in front of the Office of the Hungarian President in Budapest, Hungary, on April 15. The protests erupt after the parliament passes legislation restricting the right to assembly, banning Pride Marches. (Photo by Balint Szentgallay/NurPhoto) (Photo by Balint Szentgallay / NurPhoto / NurPhoto via AFP)

    EU Fundamental Rights Agency raises serious concerns over Hungary, urges Brussels to intervene

    by Simone De La Feld @SimoneDeLaFeld1
    30 May 2025

    The crackdown on LGBT+ rights, the ban on Budapest Pride, the law under consideration in Parliament to prevent funding for...

    I candidati alla presidenza Karol Nawrocki e Rafał Trzaskowski (Foto:

    Poland Runoff, a crucial vote for Europe in Trzaskowski–Nawrocki race

    by Marco La Rocca
    30 May 2025

    Poles go to the polls on Sunday to choose a successor to conservative President Andrzej Duda. Trzaskowski starts ahead, but...

    • Director’s Point of View
    • Letters to the Editor
    • Opinions
    • About us
    • Contacts
    • Privacy Policy
    • Cookie policy

    Eunews is a registered newspaper
    Press Register of the Court of Turin n° 27


     

    Copyright © 2025 - WITHUB S.p.a., Via Rubens 19 - 20148 Milan
    VAT number: 10067080969 - ROC registration number n.30628
    Fully paid-up share capital 50.000,00€

     

    No Result
    View All Result
    • it ITA
    • en ENG
    • Newsletter
    • Politics
    • World politics
    • Business
    • General News
    • Defence & Security
    • Net & Tech
    • Agrifood
    • Altre sezioni
      • European Agenda
      • Culture
      • Diritti
      • Energy
      • Green Economy
      • Gallery
      • Finance & Insurance
      • Industry & Markets
      • Letters to the Editor
      • Media
      • Mobility & Logistics
      • News
      • Opinions
      • Sports
    • Director's Point of View
    • L’Europa come non l’avete mai ascoltata
    • Draghi Report
    • Eventi
    • Eunews Newsletter

    No Result
    View All Result
    • it ITA
    • en ENG
    • Newsletter
    • Politics
    • World politics
    • Business
    • General News
    • Defence & Security
    • Net & Tech
    • Agrifood
    • Altre sezioni
      • European Agenda
      • Culture
      • Diritti
      • Energy
      • Green Economy
      • Gallery
      • Finance & Insurance
      • Industry & Markets
      • Letters to the Editor
      • Media
      • Mobility & Logistics
      • News
      • Opinions
      • Sports
    • Director's Point of View
    • L’Europa come non l’avete mai ascoltata
    • Draghi Report
    • Eventi
    • Eunews Newsletter

    Attention