Hungary’s prime minister said on Friday he will sign a new deal with Russia in the coming months, which will supply the country with nearly a billion cubic meters of gas.
Speaking on local radio, Viktor Orban said he expected an agreement with Moscow this summer to supply Hungary with an additional 700 million cubic meters of gas.
“We are negotiating with the Russians…this agreement can be signed during the summer, and then we will be safe,” he said. “Hungary will have enough gas.”
A cubic meter of gas provides approximately the same amount of energy as a liter of diesel.
The new deal comes on top of a 15-year deal Budapest signed last year with Russian energy giant Gazprom to supply around 4.5 billion cubic meters of gas per year.
The announcement comes after Hungarian Foreign Minister Péter Szijjártó visited Moscow last week to discuss the possibility of a deal with his Russian counterpart Sergei Lavrov.
“In the current international situation, the most important thing for us is to ensure Hungary’s energy security,” Foreign Minister Péter Szijjártó said at a press conference in the Russian capital on July 22.
“Therefore, I would like to speak today and agree to increase the volumes of gas already supplied to Hungary from Russia.”
The head of Russian diplomacy said at the time that the “request from Budapest [for more gas] will be immediately…considered.”
Hungary is currently lagging behind other EU member countries in building up gas supplies ahead of winter.
The country’s reserves are only 50% full, compared to a bloc-wide average of 68%, according to Politico.
Hungary, like many other European countries, is heavily dependent on Russian energy, with around 80% of its gas coming from Russia.
Budapest has strongly opposed any potential EU sanctions on Russian gas, although it did not vote against Brussels’ punitive plans.