US EditionHungary Diversifies Energy Sourcing with Chevron LNG Deal
21 Articles
21 Articles
Hungary and the United States have signed a five-year agreement on the supply of American liquefied natural gas (LNG).
Hungary Signs Gas Deal With Chevron
Hungary announced on Tuesday, December 16th a five-year gas supply contract with U.S. energy giant Chevron. This coincides with the country continuing to use Russian energy imports. For Hungary, it is essential to maintain strong diplomatic relations with the world’s major powers and the government continues to pursue this approach in its foreign policy. Russian energy imports help Hungary to retain the lowest household energy prices in Europe. …
The Hungarian company signed a five-year contract with the American Chevron for the transport of a total of two billion cubic meters of LNG.
Hungarian state energy company MVM has signed a five-year agreement to supply liquefied natural gas (LNG) from US company Chevron. Foreign Minister Péter Szijjártó announced this on Tuesday on the X network. According to him, supplies will reach 400 million cubic meters per year. However, Hungary will remain heavily dependent on fossil fuel supplies from Russia, reminds AFP.
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