Prime Minister of Hungary Viktor Orban received on Wednesday in his Carmelite Cloister residence in Budapest Russia’s Vladimir Putin, presidential web page reported.
As Putin noted at the meeting, last year substantial growth in bilateral trade of almost 30% was recorded (about $7 bln).
“Russia meets 60% of Hungary’s demand in oil and 50% in natural gas,” he said. “LUKOIL, Transneft and the Hungarian oil and gas corporation MOL Group have signed various agreements to increase Russian fuel exports to Hungary. Russian gas is delivered to Western Europe via Hungary. Its underground gas storage facilities hold enough gas for uninterrupted delivery to customers, including at a time of peak demand. We view Hungary as one of our priority partners in the field of gas distribution in Europe via both the existing and new northern and southern routes.”
He also mentioned “Rosatom’s project of building two new power units for the Paks nuclear power station in Hungary. The station’s four power units currently produce over 40% of the electricity consumed in Hungary. The commissioning of additional power units will make it possible to double electricity production and to meet the growing demand of the Hungarian economy.”