RUSSIA'S GAS FOR HUNGARY
ENERDATA- 1 Sep 2021 - Hungary and Russia have reached a 15-year agreement on the supply of Russian gas, which is set to enter into force on 1 October 2021. Gazprom will supply 4.5 bcm/year of natural gas to Hungary, with 3.5 bcm/year via Serbia and 1 bcm/year via Austria. Hungary should benefit from a better price than under the current contract signed in 2020 and expiring in September 2021; the country will have the possibility to modify purchased quantities after 10 years.
Hungary is also in talks with Russia on a contract for the construction of the Paks-2 nuclear power project in Hungary. Rosatom could start building the new reactor in 2022.