Hungary inks deal for Qatari gas
Hungary and Qatar have signed a gas exportation deal as Europe diversifies its energy sources.
DUBAI — Hungary will start receiving shipments of liquified natural gas from Qatar beginning in 2027 in an agreement between the two countries announced Friday.
Hungarian Foreign Minister Peter Szijjarto said that Qatar, the world's biggest LNG exporter, currently has no more LNG available for export and the details of the agreement are yet to be determined, according to Reuters.
Szijjarto said at a Friday news conference, "We have reached a political agreement, which is now followed by talks between energy companies Qatargas and Hungary's MVM to determine the quantity, pace and shipment route of the supplied gas to Hungary from 2027."
Hungary’s demand for LNG has surged along with the rest of Europe, propelled by sanctions imposed by the European Union on Russia after it declared war on Ukraine in February 2022.
