The Prime Minister travelled to Doha on Sunday, where he is taking part in an official visit upon the invitation of Qatar’s Prime Minister and delivered a speech at the Qatari Economic Forum upon the invitation of the Qatari Emir.

The minister emphasised that the current situation is lethal for Europe’s competitiveness, with gas prices seven times higher than in the United States and electricity three times higher than in China. ‘Under the current circumstances, the solution is to focus on the supply side instead of the demand and bring as much gas to the European market as possible,’ he nailed down.

While Europe desperately needs new partners to wean itself off Russian gas, by becoming an energy exporter, Israel could reduce its isolation and thaw its icy relations with the EU—something that is even more valuable than export revenues for Jerusalem.

Energy Minister Csaba Lantos highlighted in a recent interview that the government would continue to subsidize gas prices for Hungarian households up to the level of average consumption.