Russia and Hungary agree to supply gas bypassing Ukraine for decades

Gazprom CEO Alexey Miller and Peter Siyarto, the Minister of Foreign Affairs and Foreign Economic Relations of Hungary, signed a new contract in Budapest for the supply of natural gas from Russia to Hungary until the end of 2036, RIA Novosti reports. The Russian company will sell 4.5 billion cubic meters of gas a year to Hungary during the period of 15 years, of which 3.5 billion cubic meters of gas will be transported via Serbia and another billion - via Austria. The agreement is due to enter into force on October 1. It provides for an opportunity to change its conditions after 10 years. As of 2020, Hungary imported 8.6 billion cubic meters of natural gas from Russia. This is the second largest number in 12 years.