Gazprom and Hungarian Ministry of Foreign Affairs and Trade ink documents to advance cooperation
RELEASE
Release
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Peter Szijjarto, Minister of Foreign Affairs and Trade of Hungary, took place in Moscow today.
The parties discussed gas supplies to and gas storage in Hungary, as well as gas transit to third countries. The meeting addressed, among other things, the development prospects of gas transmission capacities in the territory of Hungary.
In the course of the meeting, Alexey Miller and Peter Szijjarto signed a roadmap to implement a number of measures aimed at developing Hungary’s gas transmission system.
In addition, Gazprom Export and Hungarian Gas Trade Ltd signed a Memorandum of Understanding in the presence of Alexey Miller and Peter Szijjarto. The document reflects the intent of the parties to continue long-term cooperation with regard to Russian gas supplies to Hungary.
Background
In 2016, Russian gas exports to Hungary totaled 5.7 billion cubic meters.
Hungarian Gas Trade Ltd (Magyar Földgázkereskedő Zrt.) is part of the MVM Group. The company supplies gas to consumers in Hungary. MVM is a Hungarian state-owned group of companies focused on power and heat generation and marketing, as well as gas pipeline construction, gas storage and sales, and telecommunication services.