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Submitted by JP on Mon, 09/27/2021 - 17:01
Hungary signs new contract with Gazprom

Hungary signed a 15-year gas purchase agreement with Gazprom on Monday. 


Under the new agreement, Hungary has pledged to buy 4.5 billion cubic meters of natural gas each year from the Russian energy giant over a period of at least ten years. Gazprom will deliver 3.5 billion cubic meters via the Serbian-Hungarian interconnector which is slated to start operation on Oct. 1, and the remaining one billion cubic meters via Austria. (JAP)