Hungarian Conservative

‘If Hungary does not receive more oil from Russia, we will simply not survive; we will not be able to supply the country,’ Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó emphasized in an interview with the Russian TV channel RBK. The minister stressed that currently, there is no alternative route capable of supplying Hungary with sufficient oil other than the pipeline that runs through Ukraine.

According to Ukrainian presidential advisor Mykhailo Podolyak, Kyiv plans to shut down the Druzhba oil pipeline starting from 1 January 2025. This pipeline is a key route through which Russian oil reaches Europe, including Hungary, Slovakia, and the Czech Republic. Hungarian oil and gas company MOL stated that it has not been informed of this decision and that transport is currently running smoothly. Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó has assured that Hungary’s energy supply remains secure.

Ukraine’s decision not to renew its contract with Gazprom has raised concerns in many about how Russian gas will reach Europe in the future. Kremlin spokesman Dmitry Peskov indicated that Russia could still meet European customers’ needs through the Turkish Stream pipeline, but at a higher cost than before. This latest move by Ukraine poses yet another threat to Hungary’s energy security.

Recent statements by Hungarian government officials suggest that the threat to Hungary’s energy supply is being addressed. In July, Kyiv decided to cut off supplies from Russia’s Lukoil to Hungary. Since then, intensive negotiations have commenced, and Hungarian oil giant MOL now appears to be in a position to guarantee the security of Hungary’s oil supply.

The European Commission will not convene a consultative forum on the dispute between Ukraine and EU members states Hungary and Slovakia over the transit of Russian oil through Ukraine. Brussels’ reasoning is that there is no immediate threat to the energy security of these two countries due to Kyiv’s decision to halt the supplies. These developments indicate that the European Commission has blatantly sided with a non-EU member against two member states, jeopardizing their energy security.

After Kyiv failed to restore the uninterrupted transit of Russian Lukoil’s oil shipments to Hungary and Slovakia via Ukraine, Slovak Prime Minister Robert Fico announced that Bratislava might stop diesel supplies to Ukraine. Slovak deliveries account for a tenth of Ukraine’s diesel consumption.

Minister of Prime Minister’s Office Gergely Gulyás stated on Friday that Hungary does not want to blackmail Ukraine over the halted transit of Russian Lukoil oil shipments via Ukraine to Hungary and Slovakia. However, Gulyás pointed out that if no solution is found in the near future, ‘other steps should be considered’.

Bulgaria has offered to help maintain Hungary’s energy security if Ukraine does not resume Russian Lukoil oil shipments to Hungary in the near future. Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó called Sofia’s offer a sincere gesture of friendship.

The Hungarian government has taken a decisive step following Kyiv’s decision to halt Lukoil’s oil shipments to Hungary and Slovakia via Ukraine. According to Hungarian Minister for Foreign Affairs and Trade Péter Szijjártó, Budapest will block payments from the European Peace Facility, amounting to approximately €6.5 billion, until Kyiv restores uninterrupted oil transit.

Hungary and Slovakia are taking joint action against Ukraine over its halting of Russian oil shipments to the two EU member states. This move seriously threatens the long-term energy security of both countries, and is considered a violation of the EU–Ukraine Association Agreement by Budapest and Bratislava.

New sanctions by the Ukrainian government have forced oil transports from the Russian oil procedure Lukoil to be stopped to Hungary and Slovakia. However, Hungary is still receiving gas shipments from Russia uninterrupted through the TurkStream pipeline.

Months after his company criticised Russia’s invasion of Ukraine, Lukoil’s chairman died under mysterious circumstances on Thursday.