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Azerbaijan

MOL Group Finalizes Natural Gas Extraction Agreements in Azerbaijan

After months of negotiations MOL Group has finalized commercial agreements with its joint venture partners, Azerbaijani SOCAR and British BP, for the extraction of natural gas reserves in Azerbaijan. This positions the Hungarian oil and gas company as the third-largest…
View of Ashgabat from the Arch of Neutrality (Wikimedia Commons)

EU Gas Supply Diversification to Be Enhanced by Hungary–Turkmenistan Deal

As Hungary holds the presidency of the Council of the EU, it can leverage its influence to set the EU’s agenda in favour of increased imports of Turkmen gas, presenting it as a strategic and cost-effective alternative to Russian energy…
President of Uzbekistan Shavkat Mirziyoyev and President of Azerbaijan Ilham Aliyev hold a meeting at Ak Saray Presidential Palace in Tashkent, Uzbekistan on 23 August 2024.

Azerbaijani and Uzbek Green Energy to Be Exported to Europe through Hungary

Hungary has been proactive in building strong economic ties and investing in energy production in Kazakhstan, Azerbaijan, and Uzbekistan. Hungarian companies, such as MVM and MOL groups, play a key role in oil production in Kazakhstan and natural gas production…
Israeli Prime Minister Benjamin Netanyahu (C) with his wife Sarah behind him, signs the visitor's book on the Great Wall of China at the Badaling Pass just north of Beijing, 27 May 1998

HAIKU States, Trade Leagues, and Hungary in the Multipolar Era

‘The HAIKU states present a novel approach to exploring and understanding how statesmen and national leaders can navigate a dynamically changing global political landscape, marked by shifts in power balances, evolving alliances, and heightened strategic competition.’…

A Giant Step Towards Energy Diversification — Hungary to Buy Stake in One of the World’s Largest Gas Fields in Azerbaijan

The Hungarian MVM Group is set to buy a stake in Shah Deniz, one of the world’s largest natural gas fields, in Azerbaijan. This move will significantly strengthen Hungary’s energy supply and represents another major step towards independence from Russian…
Carpets are laid on the streets of the historical Icerisehir within the scope of the National Carpet Festival organized for the first time by the Icerisehir State Grove Administration in Baku, Azerbaijan on May 04, 2024.

Enhanced Strategic Partnership in Energy and Beyond: Hungary and Azerbaijan

Azerbaijan has the potential to become one of the major natural gas suppliers to Hungary if the current determination to increase import volumes continues. However, the bilateral relations between the two countries extend beyond natural gas exports and are characterized…
Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó speaks at the opening of the Budapest LNG Summit on 6 December 2021.

US Embassy Denounces Hungary in Paid Advertisement Full of Half-Truths

Hungary stands as the sole EU member state purportedly failing to adequately diminish its energy reliance on Russia, a paid advertisement of the US Embassy in Budapest suggests. However, the truth is that numerous EU nations continue to rely on…

Viktor Orbán Holds Bilateral Talks in Georgia, Will Attend Chinese Forum that Includes Putin

Viktor Orbán met the Georgian prime minister this week. He is expected to also attend a forum in China, where Vladimir Putin will also be present. This could be the first time the two meet since the beginning of the…

Viktor Orbán Holds Bilateral Talks with Charles Michel Ahead of EPC Summit

In his meeting with the President of the European Council, Orbán reiterated Hungary’s position on issues such as EU funds for Hungary, the increasingly serious migration crisis at the continent’s borders, Europe’s economic and competitiveness decline, and the EU budget….

Bóka to Le Point: Hungary Supports All Initiatives Aimed at Maintaining the Dialogue in Nagorno-Karabakh Conflict

Hungary supports all initiatives for maintaining dialogue aimed at de-escalating the conflict and finding a peaceful resolution, Minister Bóka told the French weekly Le Point in an interview, referring to the situation in Nagorno-Karabakh….

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