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Hungary Secures 10-Year Gas Deal with Shell, Eyes Russian Imports

9/10/2025

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Summary

Story summary

Hungary signed a 10-year natural gas supply agreement with Shell, effective January 2026.
Shell will supply around 200 million cubic meters (mcm) of gas annually through Croatia's Krk terminal.
Hungary's annual gas consumption is about 8 billion cubic meters, primarily sourced from Russia.
Foreign Minister Peter Szijjarto stated that Russian gas imports will persist due to infrastructure constraints.
Hungary has increased Russian gas imports, totaling 5 billion cubic meters via the Turkstream pipeline by late August.

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Story summary

Hungary signed a 10-year natural gas supply agreement with Shell, effective January 2026.
Shell will supply around 200 million cubic meters (mcm) of gas annually through Croatia's Krk terminal.
Hungary's annual gas consumption is about 8 billion cubic meters, primarily sourced from Russia.
Foreign Minister Peter Szijjarto stated that Russian gas imports will persist due to infrastructure constraints.
Hungary has increased Russian gas imports, totaling 5 billion cubic meters via the Turkstream pipeline by late August.