Home \ News \ Alexander Novak held a meeting with the Minister of Foreign Economic Relations and Foreign Affairs of Hungary Péter Szijjártó

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Moscow, June 23. - The Minister of Energy of the Russian Federation Alexander Novak held a meeting with the Minister of Foreign Economic Relations and Foreign Affairs of Hungary Péter Szijjártó.

The parties discussed bilateral cooperation between Russia and Hungary in the fuel and energy sectors.

Alexander Novak noted that bilateral cooperation between countries in the energy sector develops in a positive way. Planned work is underway in the main branches of the fuel and energy complex - gas and oil.

“Russia is the largest natural gas supplier to Hungary and traditionally reliably fulfills its contractual obligations to Hungarian partners. At the end of 2019, a record 10.5 billion cubic meters of natural gas were supplied to Hungary, which is 40% more than the results of 2018 - 7.4 billion cubic meters. Moreover, we started commercial supplies of Russian gas via the Turkish Stream to Bulgaria, Greece and North Macedonia since January 1, 2020, and after the construction of all the necessary infrastructure, gas will also be supplied to Serbia and Hungary”, stressed Minister.

The oil industry also plays an important role in relations between the two countries, continued the head of the Russian Ministry of Energy.

“Hungary is our important partner in the oil supply. The final dynamics of supplies in 2019 added 4.9%, exports amounted to 4.3 million tons. The supplies of oil products and coal are also stable”, said Alexander Novak.