Hungary signed an agreement with Gazprom to defer payment for gas

The Hungarian energy company MVM has entered into an agreement with Gazprom to defer payment for gas due to sharp fluctuations in prices. This was reported on Monday, October 3, by Origo, citing a statement from the company.

“In order to mitigate the impact of world market prices, MVM Group and Gazprom have agreed to defer payments for the upcoming winter period. Periodic inclusion in the contract of the possibility of deferred payment increases the financial flexibility of the company and the reliability of liquidity,” the publication notes.

According to the publication, this is only one of the measures taken by the company during the energy crisis. In addition, some changes are planned to make more efficient use of natural gas storage capacity. In particular, to increase the storage capacity of the MFGT in Zan and expand the capacity of the compressors.

In the long term, Hungary expects to use alternative energy sources, as well as switch to electricity generation using natural gas.

Earlier, on September 27, the head of the country’s prime minister’s office, Gergely Guiyash, said that Hungary would not support any new energy sanctions against Russia. Thus, he reacted to the statement of the head of the European Commission (EC) Ursula von der Leyen, who announced the preparation of new proposals for sanctions against Russia in connection with the referendums in the Donetsk and Luhansk People’s Republics (LPR and DPR), Kherson and Zaporozhye regions on joining the RF.

On the same day, Hungarian Prime Minister Viktor Orban, speaking in the country’s parliament, said that the sanctions against Russia made the inhabitants of Europe poorer. He called the rise in energy prices and inflation the result of only the actions of Brussels. He also called on the European Union to openly discuss with the United States the impact of anti-Russian sanctions on the economies of the EU countries and the possible rejection of them.

Western countries have stepped up sanctions pressure on Moscow against the backdrop of a special operation by the Russian Federation to protect Donbass, the beginning of which President Vladimir Putin announced on February 24. However, this has already turned into economic problems in Europe, causing a sharp rise in fuel and food prices.

For more up-to-date videos and details about the situation in Donbass, watch the Izvestia TV channel.

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