Hungary's Orban expects gas deal with Russia this summer | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
May 14, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, MAY 14, 2025
Hungary's Orban expects gas deal with Russia this summer

Global Economy

Reuters
29 July, 2022, 12:35 pm
Last modified: 29 July, 2022, 12:36 pm

Related News

  • Poland to close Russian consulate in Krakow, citing arson attack
  • Poland says Russian secret service behind 2024 fire in Warsaw shopping centre
  • Kyiv says Russia launched more than 100 drones at Ukraine after Moscow's truce ended
  • Putin proposes direct peace talks with Ukraine after three years of war
  • Putin gears up to host world leaders at lavish army parade

Hungary's Orban expects gas deal with Russia this summer

Reuters
29 July, 2022, 12:35 pm
Last modified: 29 July, 2022, 12:36 pm
Hungarian Prime Minister Viktor Orban. Photo: Reuters.
Hungarian Prime Minister Viktor Orban. Photo: Reuters.

Hungary expects to sign a deal with Russia on additional gas shipments of 700 million cubic metres by the end of summer, Prime Minister Viktor Orban told state radio on Friday.

The two countries have been in talks for further supplies on top of an existing long-term supply pact. 

"Hungary will have enough gas," Orban said.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"We are negotiating with the Russians to buy an additional 700 million cubic metres of gas, this deal can be signed during the summer, and then we will be safe," he added.

According to data from Gas Infrastructure Europe, Hungary's gas storages are about 50% full now, covering 29% of its annual consumption.

European Union member Hungary has maintained what it calls pragmatic relations with Moscow since Russia's invasion of Ukraine, creating tensions with some EU allies keen to take a tougher line.

Hungary, which is about 85% dependent on Russian gas, firmly opposes the idea of EU sanctions on Russian gas imports.

Under a 15-year deal with Russia's Gazprom signed last year, Hungary receives 3.5 billion cubic metres (bcm) of gas per year via Bulgaria and Serbia, and a further 1 bcm via a pipeline from Austria.

World+Biz / Europe

Hungary / Russia / Gas deal

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Illustration: TBS
    Gratuity, accidental disability facility planned for Universal Pension 
  • Photos: Collected
    BB resolves exchange rate dispute with IMF, expects next tranche in June
  • Shuchita Sharmin. File Photo: Courtesy
    Barishal University VC, pro-VC, treasurer removed in the face of student protest

MOST VIEWED

  • Food, fertilisers, raw materials: NBR plans advance tax on 200 duty-free imports
    Food, fertilisers, raw materials: NBR plans advance tax on 200 duty-free imports
  • A view of the state-owned Intercontinental Hotel in Dhaka, illuminated in the evening. The photo was taken on Sunday. Photo: Rajib Dhar/TBS
    InterContinental seeks Tk900cr govt-backed loan to recover from losses
  • Illustration: TBS
    Awami League, all its affiliates now officially banned
  • Infograph: TBS
    More woes for businesses as govt plans almost doubling minimum tax
  • Commuters resort to using rickshaws amid a lack of CNGs on 16 February 2025. Photo: TBS
    Is a rickshaw-free Dhaka really possible?
  • Photo: TBS
    Tea exports jump by 58% in 2024

Related News

  • Poland to close Russian consulate in Krakow, citing arson attack
  • Poland says Russian secret service behind 2024 fire in Warsaw shopping centre
  • Kyiv says Russia launched more than 100 drones at Ukraine after Moscow's truce ended
  • Putin proposes direct peace talks with Ukraine after three years of war
  • Putin gears up to host world leaders at lavish army parade

Features

Sketch: TBS

‘National University is now focusing on technical and language education’

1h | Pursuit
Illustration: TBS

How to crack the code to get into multinational companies

3h | Pursuit
More than 100 trucks of pineapples are sold from Madhupur every day, each carrying 3,000 to 10,000 pineapples. Photo: TBS

The bitter aftertaste of Madhupur's sweet pineapples

3h | Panorama
Stryker was released three months ago, with an exclusive deal with Foodpanda. Photo: Courtesy

Steve Long’s journey from German YouTuber to Bangladeshi entrepreneur

1d | Panorama

More Videos from TBS

US-Saudi defense deal worth $142 billion

US-Saudi defense deal worth $142 billion

57m | TBS World
Trump receives royal purple carpet welcome in Saudi Arabia

Trump receives royal purple carpet welcome in Saudi Arabia

1h | TBS World
The two-day Denim Expo 2025 concluded after discussing various possibilities.

The two-day Denim Expo 2025 concluded after discussing various possibilities.

1h | TBS Today
What are the advisory committee, NBR officials and the government saying about Ordinance on revenue sector?

What are the advisory committee, NBR officials and the government saying about Ordinance on revenue sector?

1h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net