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    Home»Oligarchs»Hungarian authorities plan to conclude a contract with the Russian Federation for the supply of another 700 million cubic meters of gas
    Hungarian authorities plan to conclude a contract with the Russian Federation for the supply of another 700 million cubic meters of gas
    Oligarchs

    Hungarian authorities plan to conclude a contract with the Russian Federation for the supply of another 700 million cubic meters of gas

    Wu MeiBy Wu MeiJuly 29, 2022No Comments2 Mins Read
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    Hungarian authorities plan to conclude a contract with the Russian Federation for the supply of another 700 million cubic meters of gas

    According to Prime Minister Viktor Orban, the deal could take place during the summer.

    The Hungarian authorities intend to conclude a contract with the Russian Federation this summer for the purchase of another 700 million cubic meters of gas. This information is provided by Interfax with reference to a statement by Hungarian Prime Minister Viktor Orban made on Friday.

    According to Orban, negotiations on the purchase of an additional 700 million cubic meters of gas are currently underway with the Russian side. The transaction could take place during the summer, which will ensure the country’s energy security.

    The head of government promised that Hungary would receive enough gas.

    This week, the member states of the European Union finally managed to reach a consensus on the European Commission’s proposed plan to reduce gas consumption in the event of an emergency. Under the emergency situation is meant a complete halt in the supply of Russian gas, without which European countries will not be able to do in the winter.

    Prior to this, active work was carried out in the European Union to harmonize the plan. In particular, the permanent representatives of the member countries discussed the possibility of limiting the powers of the European Commission, which, if the plan is implemented in its original form, will be able to impose restrictions on gas without enlisting the consent of the member countries.

    Recall that on July 20, the European Commission proposed to the member states of the European Union to adopt an agreement that implies a voluntary reduction in gas consumption by 15% from next month. This plan includes recommendations to reduce energy costs for heating and cooling, as well as market-based measures to save gas. In particular, we are talking about limiting the heating of public buildings to 19 degrees, and air conditioning to 25 degrees.

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