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Hungary Diversifies Energy Sourcing with Chevron LNG Deal

Summary by Devdiscourse
Hungary's state-owned MVM group inked a 5-year contract with U.S. energy firm Chevron to supply 2 billion cubic meters of liquefied natural gas, aiming to diversify its energy sources amid EU's plan to phase out Russian gas imports by 2027, despite Budapest's opposition.

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Hungary and the United States have signed a five-year agreement on the supply of American liquefied natural gas (LNG).

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Bias Distribution

  • 42% of the sources lean Left, 42% of the sources lean Right
42% Right

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Portfolio broke the news in on Tuesday, December 16, 2025.
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