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Hungary Signs Gas Deal With Gazprom  

Hungary signs a gas deal with Gazprom for 5.8bn cubic metres of natural gas. Accordingly, the country announced that it has signed a deal with Russian energy giant Gazprom. 

Now, Gazprom will import Hungary about 5.8 billion cubic metres of extra natural gas. 

International spokesman for Hungary’s government, Zoltan Kovacs said it would be on top of the country’s current supplies.

Hungary Signs Gas Deal With Russia Amid Ukraine War

Foreign affairs minister announced the deal with Gazprom on Facebook. The announcement came during a break from his meeting with other EU ministers. 

Accordingly, Foreign affairs Minister Péter Szijjártó specified that Gazorom will deliver 5.8 million cubic metres of gas. That is in September and October, per day to Hungary via Serbia under its long-term.  

EU Foreign Ministers Impose Sanctions On Russian 

EU foreign affairs ministers have imposed sanctions on Russia. They held a meeting to debate a possible visa ban on Russian tourists in response to the war in Ukraine.

However, the announcement comes as Europe scrambles to cut energy consumption. They are to cope with a reduction in supply of Russian gas.

The Russian state-owned energy company had increased supplies to Hungary earlier this month even as it stopped flows to other European countries.

However, Gazprom has stopped gas supplies to Europe’s Nord Stream 1 pipeline earlier on Wednesday for maintenance. Moreover, the company said it had suspended gas flows to French gas company Engie. That was “due to failure to pay for July supplies in full.”

On the other hand, Hungarian Prime Minister Viktor Orban had previously indicated that he would sign an agreement with Russia. They had to secure natural gas for the country. 

And, Foreign affairs minister Szijjártó travelled to Moscow in July to discuss a possible deal. But the government opposes any possible EU sanctions on natural gas from Russia.

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