HUNGARY EXPECTED TO BUY US LNG
The official added that Hungary would additionally diversify its vitality purchases and had dedicated to purchasing US liquefied pure fuel with contracts valued at some US$600 million.
Hungary has maintained its reliance on Russian vitality because the 2022 begin of the battle in Ukraine, prompting criticism from a number of European Union and NATO allies.
Talking in Washington late on Friday, Orban additionally stated Hungary had obtained an indefinite exemption for vitality imports through the TurkStream fuel pipeline and the Druzhba oil pipeline.
“There aren’t any sanctions that may prohibit Hungary’s provide by way of these routes or make it dearer. This exemption is normal and has no time restrict,” Orban stated.
Worldwide Financial Fund figures present Hungary purchased 74 p.c of its fuel and 86 p.c of its oil from Russia in 2024, warning that an EU-wide cutoff of Russian pure fuel alone may price Hungary greater than 4 per cent of its GDP.
Orban stated that, with out the settlement, vitality prices would have surged, hitting the broader economic system, pushing up unemployment and producing “insufferable” worth rises for households and companies.
