BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
By

BUDAPEST: Hungary will seek to increase the amount of gas it receives from Russia at talks with President Vladimir Putin next week, Prime Minister Viktor Orban said on Friday.

Hungary, a member of the European Union and NATO, agreed a new long-term gas supply agreement with Russia's Gazprom in August.

Moscow and the West are locked in a tense standoff over Ukraine amid a build-up of Russian forces along the country's eastern border as NATO reinforcing its presence in eastern Europe.

Orban, who faces what is expected to be a close-fought election on April 3, has dismissed calls from a unified opposition to cancel his visit to Moscow, scheduled for Tuesday.

"I would like to increase the amount of gas to be delivered ...from the levels agreed in the Russian-Hungarian gas contract," Orban told public radio.

Hungary central bank raises base rate by 50 bps to 2.9%, above forecast

"I would like to achieve at our talks that in the current difficult situation burdened with higher energy prices ... the amount of gas available to us over the long run should be increased."

The 15-year agreement, which delivers 4.5 billion cubic meters of natural gas per year to Hungary on routes avoiding neighbouring Ukraine, took effect in October with an option to modify purchased quantities after 10 years.

Hungary's gas reserves were 43% filled based on Jan. 15 Energy and Public Utility Regulatory Authority (MEKH) data. It said that, combined with expected further imports, would cover 90% of Hungary's expected remaining winter gas needs.

Orban said he would also discuss European security with Putin, adding that Hungary was interested in a peaceful resolution to the Ukraine standoff.

"Of course Hungary is a member of NATO and the EU, so before each such meeting I consult and co-ordinate with our western allies," Orban said, adding that he would hold further talks with western leaders in coming days.

The Defence Ministry did not respond to Reuters questions earlier this week about whether Hungary would host more NATO forces in the coming weeks.

Comments

Comments are closed for this article.