(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 3. Hungary's energy
security has increased further today, thanks to gas supplies from
Azerbaijan, said the country's Minister of Foreign Affairs and
Trade Peter Szijjarto on his Facebook page, trend reports.
"According to the agreement signed by Hungarian MVM CEEnergy and
Azerbaijani SOCAR, 100 million cubic meters of natural gas will
arrive in Hungary from Azerbaijan by the end of 2023. This is
another milestone in the diversification of Hungarian natural gas
supply," he said.
Szijjarto noted that Hungarian energy supply security has
increased even more, because the point of diversification is not to
exchange geographical dependencies, but to attract as many new
sources as possible to ensure safe supply.
On June 2, President of the State Oil Company of Azerbaijan
(SOCAR) Rovshan Najaf and Chief Executive Officer of the Hungarian
company "MVM Group" Károly Mátrai signed and agreement on the sale
of natural gas in the amount of 100 million cubic meters. The start
of deliveries of the volumes of gas specified in the contract is
envisaged in the 4th quarter of this year.
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