HUNGARY EXPECTED TO BUY US LNG
The official added that Hungary would additionally diversify its power purchases and had dedicated to purchasing US liquefied pure gasoline with contracts valued at some US$600 million.
Hungary has maintained its reliance on Russian power for the reason that 2022 begin of the battle in Ukraine, prompting criticism from a number of European Union and NATO allies.
Talking in Washington late on Friday, Orban additionally stated Hungary had obtained an indefinite exemption for power imports by way of the TurkStream gasoline pipeline and the Druzhba oil pipeline.
“There aren’t any sanctions that will limit Hungary’s provide by means of these routes or make it costlier. This exemption is common and has no time restrict,” Orban stated.
Worldwide Financial Fund figures present Hungary purchased 74 p.c of its gasoline and 86 p.c of its oil from Russia in 2024, warning that an EU-wide cutoff of Russian pure gasoline alone may price Hungary greater than 4 per cent of its GDP.
Orban stated that, with out the settlement, power prices would have surged, hitting the broader financial system, pushing up unemployment and producing “insufferable” value rises for households and companies.
