‘Hungarian-Serbian strategic energy cooperation is one of the guarantees that Hungary’s supply will remain secure in the next period,’ the minister said.

The foreign minister emphasised right after winter, ‘in Europe, it is fashionable to strut about with great bravado these days,’ but the International Energy Agency recently issued an ‘ominous’ report indicating that the most severe difficulties are expected to come in the next heating season when supply security will be critical.

With the expansion of the nuclear plant at Paks, the gas consumption of Hungary could be reduced to half.

The rashly introduced sanctions due to the raging war might push the European Union into a food crisis.

While the initial European position on the Russian energy threats seemed like a unanimous ‘No’, now – without no apparent short-term alternatives – more and more countries prepare to pay in roubles which will likely create tensions with those who still refuse.

The agreement, which came into force on 1 October 2021, was signed by Russian Gazprom and Hungarian MVM group during Alexey Miller’s visit to Hungary, and will guarantee Hungary’s energy supply for the next fifteen years.