This is reported by Index. Romanian supplies are guaranteed to cover 20-25% of the volume needed to replace Russian gas, the Hungarian publication said. “This would be the biggest step towards getting non-Russian gas at a good price. If we cannot carry it out, from now on there will be only sources that are an order of magnitude more expensive,” the source told the publication.
The fate of this agreement will be decided in the coming weeks. Its signing is complicated by the fact that in Hungary the government is changing, while in Romania the interim cabinet is in power. In addition, the state has a pre-emptive right to buy out strategic raw materials.
If the new Hungarian leadership does not sign the contract right now, the multi-year negotiations will break down and everything will have to start all over again, Index writes. In such a case, Budapest will miss out on the closest and most profitable source of fuel capable of replacing Russian gas.
Earlier, the head of the Tisza party, which won the parliamentary elections, Peter Magyar, said that Hungary will continue to buy oil from Russia. The politician admitted that his country depends on Russia in the energy sector.
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