Hungary finds new gas supply

On May 22, after talks with Qatari Emir Tamim bin Hamad Al Thani, Hungarian Prime Minister Viktor Orban said that the two sides had signed an agreement on the purchase and sale of natural gas.

Hungary signs deal to buy gas from Qatar. (Source: Getty)

In a video posted on Facebook, Mr Orban said: "Over the past year, we have learned that Qatar is a country of primary importance for Europe. The European economy has been significantly compensated by gas from Qatar after the cut in supplies from Russia...

We have agreed on energy cooperation, we will also buy gas from Qatar, having more opportunities is always better."

The Hungarian Prime Minister also said that after the talks, the leaders of his country and Qatar agreed to develop infrastructure and air transport, cooperate in the fields of communications and agriculture, thereby opening up good prospects for economic cooperation between the two sides.

According to Mr. Orban, Qatar - like Hungary - is ready to mediate between Ukraine and Russia.

Hungary's Foreign Ministry has repeatedly stated that the country is trying to diversify its gas supplies, but stressed that in the short term it will not be able to replace Russian energy sources.

In addition to increasing gas imports from Azerbaijan, Budapest is interested in increasing supplies of liquefied natural gas (LNG) through a terminal in Croatia's Krk and developing a gas field in Romania.

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