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    Hungary buys 100 million cubic metres of gas from Azerbaijan -foreign minister

Summary

Hungary's state-owned energy group MVM has agreed to buy 100 million cubic metres of natural gas from Azerbaijan's state energy firm SOCAR, Hungarian Foreign Minister Peter Szijjarto said on his Facebook page on Friday.

by: Reuters

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Complimentary, Natural Gas & LNG News, Europe, Security of Supply, Corporate, Political, News By Country, Azerbaijan, Hungary

Hungary buys 100 million cubic metres of gas from Azerbaijan -foreign minister

BUDAPEST, June 2 (Reuters) - Hungary's state-owned energy group MVM has agreed to buy 100 million cubic metres of natural gas from Azerbaijan's state energy firm SOCAR, Hungarian Foreign Minister Peter Szijjarto said on his Facebook page on Friday.

Szijjarto said SOCAR would ship the gas by the end of the year and the deal could pave the way to a long-term gas purchase agreement under which Hungary could receive up to 2 billion cubic metres of gas from Azerbaijan annually. (Reporting by Krisztina Than Editing by Chris Reese)

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