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Russian Natural Gas Sold to Hungary Actually More Expensive than Market Price

Although it has been stated many times that Russian natural gas is cheaper than average, Hungary paid more in February for it than the average market price, according to an article in G7. The trend may continue into the summer, when gas storage tanks are filled in preparation for the next heating season.

In February, Vladimir Putin said that Hungary was buying gas at one-fifth of the world market price, a claim that seemed specious even at the time.

Following the elections, Viktor Orbán stated in his international press conference that Hungary’s goal was not necessarily to get the cheapest gas, but that the country’s supply should be stable for the long term. [Magyar Hang]

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Posted in Domestic

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