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Hungary signs five-year gas deal with Chevron despite ties to Moscow

Hungary has signed a contract with US company Chevron to import 400mn m³ of LNG per year, while maintaining a structural dependence on Russian gas through a long-term agreement with Gazprom.

Hungary signs five-year gas deal with Chevron despite ties to Moscow

SectorGaz, Gaz naturel
ThemeInvestissements & Transactions, Contrats

Hungary has formalised a liquefied natural gas supply agreement with US energy company Chevron. The contract provides for the annual delivery of 400mn cubic metres of gas over five years. The announcement was made by Minister of Foreign Affairs Peter Szijjarto during a joint press conference with a representative of the US Department of Energy.

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