Hungarian Foreign Minister Péter Szijjártó stressed the importance of Russia for his country as a supplier of natural gas, in an interview with the US Fox News, the minister explained the reasons for this importance.
The Hungarian minister said that Hungary (Hungary) is a landlocked country, so it can only rely on natural gas coming through pipelines, and if you look at the infrastructure in the Central European region, it turns out that Hungary has no other way out, other than relying on gas sources.
The Minister added: “If you want to buy large volumes of gas in Central Europe, the only source is Russia. At the moment, our storage capacity is just over 50% of the total storage capacity, and given the current fluctuations in energy prices in the European market, there is a need to purchase additional volumes, about 700 million cubic meters.
“We explored the possibilities of buying in the western part of the market, but found that it was impossible to satisfy this need without the Russians,” Szijjártó said.
On July 21, 2022, Hungary expressed its desire to purchase additional volumes of natural gas from Russia when the Hungarian foreign minister announced from Moscow that his country had decided to purchase 700 million cubic meters of additional gas.
Russia has proven its reliability as a supplier of natural gas to European countries for years, but Western sanctions imposed on Moscow are taking a toll on supplies, knowing that Russia exported some 155 billion cubic meters of gas to Europe in 2021.