SUBSCRIBE
PROFILE

Hungary receives over 5 bn m³ of Russian gas via TurkStream in 2024

Hungary has imported over 5 billion cubic metres of Russian natural gas since January via TurkStream, under its long-term agreements with Gazprom, thereby supporting its national energy infrastructure.

Share:

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90€/month

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99€/year

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

Sign up for free to unlock this article

Hungary has surpassed 5 billion cubic metres of natural gas imported from Russia since the beginning of the year, Foreign Affairs and Trade Minister Peter Szijjarto announced. These volumes are delivered through the TurkStream gas pipeline and its regional extensions in Bulgaria and Serbia, in accordance with long-term agreements with Russian company Gazprom.

The deliveries are part of a long-term contractual framework that accounts for a significant portion of Hungary’s energy supply. According to official data, Russian gas imports are expected to reach a peak of 7.6 billion cubic metres for the full year 2024. The Hungarian government presents this arrangement as a strategic lever to maintain energy stability and protect domestic pricing systems.

State-backed infrastructure

Flows transiting through TurkStream reinforce public investment in national energy infrastructure, particularly interconnections and storage capacity. Budapest actively supports the development and modernisation of the domestic gas network to ensure supply continuity. The central role of the state in securing these imports confirms the priority given to energy resilience.

The pipeline branch crossing Serbia is the main route for Russian gas into Hungary. This infrastructure, operational since 2021, receives technical and financial support from various public and private operators. Regional energy cooperation also strengthens investment in logistical capacity at the southern border.

Stable political commitment

Peter Szijjarto emphasised that the steady flow via TurkStream supports the national policy of controlling energy costs. The minister stated that stable gas supplies remain a priority in the state’s investment decisions. According to authorities, this direction helps contain pressure on public finances while ensuring maintenance of the energy system.

Secretary of State for International Communication Zoltan Kovacs added that the current energy strategy relies on reliable infrastructure and stable bilateral relations. Public investments in the gas network serve a dual objective: securing supply and regulating long-term prices.

  • Popular on energynews.pro
Nigeria launches a 1 GW solar factory with a tripartite partnership
Brussels seeks to ban Russian liquefied natural gas from January 2027
Imminent sanctions: Iran faces the European nuclear ultimatum
German Greens oppose nuclear project linking Framatome to Rosatom
Iran withdraws nuclear resolution under US financial pressure
US gas projects slowed by supply chain despite faster federal permitting
Natural gas executives report delays due to turbines, steel and legal risk, even as federal approval timelines improve.
Brussels seeks to accelerate ban on Russian LNG in 19th sanctions package
The European Commission is preparing a new sanctions package including an accelerated ban on Russian liquefied natural gas, with negotiations already underway among member states.
GasHub deploys LNG infrastructure for major food manufacturer in Singapore
H2G Green Limited’s subsidiary completed the conversion of an industrial site from diesel to liquefied natural gas, marking a shift in local manufacturing energy demand.
Novatek redirects 70,000 tonnes of condensate to Novorossiisk after Ust-Luga incident
Russian producer Novatek rerouted part of its gas condensate output to the port of Novorossiisk, following a temporary shutdown at its Ust-Luga complex after a drone attack caused a fire.
Ukraine seeks $1bn to secure gas reserves ahead of winter
Despite gas stocks covering over 80% of winter needs, Kyiv must still import more to offset the impact of Russian strikes on energy infrastructure.
Brussels and Washington prepare new energy sanctions against Moscow
The European Commission and the United States plan to intensify their economic measures against Russia, targeting the energy sector and cryptocurrencies in a new sanctions package.
Adnoc withdraws $18.7 billion bid to acquire Santos
The consortium led by Adnoc ends its acquisition plans for Santos, the Australian liquefied natural gas supplier, citing commercial and contractual factors that impacted the evaluation of its offer.
South Africa: Supreme Court annuls Eskom’s permit for 3 GW gas power plant
Eskom must restart the entire administrative process for its Richards Bay gas plant after South Africa’s Supreme Court cancelled its permit, citing insufficient public consultation.
QatarEnergy and TotalEnergies launch final phase of major gas project in Iraq
QatarEnergy, TotalEnergies and Basra Oil Company begin construction of the final infrastructure components of Iraq’s integrated gas project, mobilising more than $13bn in investments to modernise the country’s energy supply.
CPS Energy acquires 1,632 MW of natural gas capacity from ProEnergy for $1.39bn
Texas-based utility CPS Energy acquires four natural gas power plants from ProEnergy for $1.39bn, strengthening its footprint in the ERCOT market with operational dual-fuel infrastructure.
MCF Energy reaches 3,310 metres on the Kinsau-1A well in Germany
MCF Energy has completed drilling of the Kinsau-1A well in Bavaria at 3,310 metres, reaching its geological targets with hydrocarbon presence, reaffirming the company’s commitment to its European gas projects.
Italian judge approves extradition of Ukrainian linked to Nord Stream sabotage
A Ukrainian national arrested in Italy will be extradited to Germany, where he is suspected of coordinating the 2022 attack on the Nord Stream 1 and 2 gas pipelines in the Baltic Sea.
Bringing forward the EU gas ban would push up TTF in Central Europe
Starting the ban on Russian gas as early as 2026 would raise benchmark prices, with a spread close to $1/MMBTU in 2026–2027 and spikes above $20/MMBTU in Austria, Hungary and Slovakia, amid tight regional supply and limited LNG availability.
Egypt signs new deals to revive domestic gas production
Cairo has concluded three new exploration agreements with Apache, Dragon Oil and Perenco, for a total investment of over $121mn, as national gas output continues to decline.
Fifth sanctioned Russian LNG carrier docks at Beihai terminal in China
The Iris carrier, part of the Arctic LNG 2 project, docked at China’s Beihai terminal despite US and EU sanctions, signalling intensifying gas flows between Russia and China.
Blackstone acquires Hill Top Energy Center for nearly $1bn in Pennsylvania
Blackstone Energy Transition Partners announces the acquisition of a 620-megawatt gas-fired power plant for nearly $1bn, reinforcing its energy investment strategy at the core of America’s digital infrastructure.
Argentina targets Brazil for gas exports despite Bolivian fees
Argentina aims to boost gas sales to Brazil by 2030, but high transit fees imposed by Bolivia require significant public investment to secure alternative routes.
Russian Arctic LNG 2 deliveries to Asia to slow this winter
The accelerated arrival of Russian cargoes in China has lowered Asian spot LNG prices, but traffic is set to slow with the seasonal closure of the Northern Sea Route.
Nigeria and Libya study 3,300 km gas pipeline to connect to Europe
Nigeria and Libya have initiated technical discussions on a new pipeline project to transport Nigerian gas to Europe through the Mediterranean network.
China–Russia: Beijing secures a gas hedge with PoS2 and LNG cargoes
Shipments of liquefied natural gas and higher pipeline flows strengthen China’s gas optionality, while testing the sanctions regime and reshaping price–volume trade-offs for the next decade.

Log in to read this article

You'll also have access to a selection of our best content.