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Hungary is preparing to phase out Russian natural gas by autumn 2027, Foreign Minister Anita Orban said in an interview with Telex, citing the EU's timetable. Energy company MOL is adapting refineries to handle non-Russian crude oil supplied through Croatia's JANAF pipeline. Budapest also has a temporary exemption from US sanctions on certain purchases of Russian oil until November 21 and is looking into MOL's potential purchase of Gazprom's Serbian oil company.

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Hungary is preparing to phase out Russian natural gas by autumn 2027, Foreign Minister Anita Orban said in an interview with Telex, citing the EU's timetable. Energy company MOL is adapting refineries to handle non-Russian crude oil supplied through Croatia's JANAF pipeline. Budapest also has a temporary exemption from US sanctions on certain purchases of Russian oil until November 21 and is looking into MOL's potential purchase of Gazprom's Serbian oil company.

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