MVM Group's Strategy Relies On Hungary's Energy Deals With Azerbaijan - СEO
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 6. Hungary's energy
deals with Azerbaijan make them crucial elements of MVM Group's
strategy, CEO of MVM Group Károly Mátrai said during a panel
discussion themed "Gas Dialogue: The Role of gas supply During the
Energy Crisis" at the Baku energy Forum in Azerbaijan on June 6,
Trend reports.
He pointed out that the company has an agreement with SOCAR
Trading for the supply of 100 million cubic meters of gas, and 50
million cubic meters have already been delivered to Hungary's gas
system in 2024.
On June 5, the MVM Group signed a contract to purchase a five
percent share in Azerbaijan's Shah Deniz project.
"Currently, we are mainly dependent on Russian gas, but we are
trying to diversify our gas sources. In this regard, cooperation
with Azerbaijan is important," emphasized Matrai.
He also mentioned that friendly relations have been established
between Hungary and Azerbaijan, and the countries are cooperating
in the energy sector.
"Hungarian households and other consumers actively use gas, and
we see Azerbaijan as an important partner," the CEO added.
To note, with a yearly need of 10 billion cubic meters, about 90
percent of Hungary's gas comes from outside sources.
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