Hungary aims to extend Shell LNG deal, minister says

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Hungarian Minister of Foreign Affairs and Trade Petér Szijjárto provided an update on Hungary’s commercial LNG agreement with global energy company Shell during today’s Budapest LNG Summit.

Hungary is interested in extending its LNG purchasing agreement with Shell beyond 2027 and increasing the current annual purchase volume, Minister Szijjárto said during the conference.

In September 2020, Hungary signed a six-year purchase contract with Shell for 250 million cubic metres (mcm) of natural gas annually, between 2021 and 2027.

This was the first long-term liquid natural gas (LNG) purchase agreement with a Western energy company in Hungary’s history.

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