The gas supply agreement signed between Hungarian MVM CEEnergy Zrt and Azerbaijan’s state oil company SOCAR is a one-time deal, the company told Trend.
"An important milestone in terms of the energy supply diversification is that already this year the natural gas transport from Azerbaijan to Hungary will start. The biggest hungarian natural gas wholesale trader, MVM CEEnergy and SOCAR (the State Oil Company of the Republic of Azerbaijan) signed June 2 a sales contract for 100 million cubic meters of gas, the delivery of which will start in the fourth quarter of 2023," said the company.
MVM CEEnergy Zrt said the subject of the mentioned contract is one-time deal, however negotiations on further cooperation are ongoing.
"The already existing infrastructure will be used for this purpose," the company said.
Earlier, Peter Szijjarto, Hungarian Minister of Foreign Affairs and Trade said that the two countries have a common political view that we build it up to a contract reaching one or 2 billion cubic meters annually.
The minister expressed hope that together with Romanian, Bulgarian, Turkish and Serbian friends, as well as Greece and Slovakia, it will be possible to upgrade the regional energy infrastructure in a way that the country can add alternative sources to it energy supply.
"So, we will be happy to welcome the first deliveries this year from Azerbaijan," Peter Szijjarto added.
Azerbaijan started gas deliveries to Europe via the Southern Gas Corridor on December 31, 2020. The Trans Adriatic Pipeline (TAP), the European leg of the Corridor, has an initial capacity of 10 billion cubic meters per year, expandable to 20 billion cubic meters.
https://en.trend.az/business/energy/3774257.html