Péter Szijjártó

“Hungary is ready to enter into a new long-term contract with Russia’s Gazprom,” Foreign Affairs and Economic Relations Minister Péter Szijjártó said.

“Our long-term gas supply contract will soon end and we are ready to have a new one,” Szijjártó said at a joint press conference with his Russian counterpart, Sergey Lavrov.

The minister noted that talks on extending cooperation have been going on for some time and have now entered the final stage. The next meeting, this time with Alexei Miller, will take place on Monday in St. Petersburg.

“Obviously, we want to agree on a price that reflects not only the current market situation, but also the fact that so far we have been a transit country for Gazprom to Serbia, Croatia, Bosnia and Herzegovina, and now (…) that our transit status will change significantly, it will be a losing bargain for us,” he added.

“I think that in the autumn we will be able to sign a fifteen-year agreement again on good, acceptable terms,” said the Hungarian minister. This is, in his opinion, a way to ensure the country’s energy security.

By Martin Chomsky (photo: Twitter)