Hungary plans to import Romanian gas

  • Michaela Ceklová
  • 19.2.2018 14:00

On 9 February, Hungarian Prime Minister Viktor Orban stated that a long-term contract for gas imports from Romania will be signed shortly, a move that will weaken the Russian position on the Hungarian gas market.

Starting with 2022, Romania is expected to deliver up to 4 bcm of natural gas per year to Hungary, a volume accounting for almost half of its gas consumption. The intended deadline may still be subject to change, due to the fact that pipeline links between Romania and Hungary are still under construction. But even though Hungary is  diversifying its gas supply sources, it still plans to conclude a new long-term gas supply contract with Gazprom in 2021. In addition to this contract renewal, Hungary and Russia have an agreement on gas storage in Hungarian facilities. According to the provisions of this agreement, around 900 million cubic meters of Russian gas should be stored in Hungary. For these reasons, and in spite of its efforts diversify gas supply sources, in terms of its energy security, Hungary remains linked to Russia .

About author: Michaela Ceklová

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