Ukraine anger as Hungary signs gas supply deal with Russia’s Gazprom

Follow 9News Nigeria On Social Media

Social sharing

Ukraine has slammed a new gas deal between Hungary and Russian energy giant Gazprom.

Hungary’s foreign affairs minister Péter Szijjártó signed a 15-year natural gas supply agreement with the firm on Monday.

The deal for 4.5 billion cubic metres of natural gas per year will account for half of Hungary’s gas consumption and will guarantee supplies through new routes via Serbia and Austria, cutting off Ukraine as a transit country.

“Today, the reality is that Hungary’s energy needs can be secured in the safest way by a long-term contract with Gazprom,” Szijjártó said.

But under the new deal, Ukraine will lose millions in transit fees and Kyiv says it will be asking the European Commission to assess whether the agreement respects EU energy legislation.

Ukraine’s foreign ministry issued a statement saying that Hungary’s supply deal was a “purely political, economically unreasonable decision” that was taken “to the detriment of Ukraine’s national interests and Ukrainian-Hungarian relations”.

In response, Kyiv cancelled a meeting of a joint commercial committee with Hungary that was scheduled for Thursday.

Szijjártó defended the deal as the only economic reality to secure Hungarian energy needs.

The country has relied on Russia for most of its natural gas imports delivered via a pipeline through Ukraine, but in recent years Russians have diversified exports routes, constructing the Nord Stream pipelines to Germany and the TurkStream link to Turkey.

The Hungarian government announced at the end of August it had agreed with Moscow on all the conditions for a new long-term gas supply deal to take effect from October 1.

The duration for the agreement with Gazprom would be for 15 years, with a clause to change purchased quantities after 10 years.

Two routes will be used, with 3.5 billion cubic metres to come via Serbia and 1 billion cubic metres via Austria.

Source

Leave your comment on this post

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

The economic crisis and hardship in Nigeria are parts of the discussion.


Watch, leave your comments, and share to create more awareness on this issue.


#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com

Leave your comment

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel
About 9News Nigeria 13308 Articles
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: info@9newsng.com Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng

Be the first to comment

Leave your comment