Hungarian Prime Minister: Russian gas is not cheap.
Hungarian Prime Minister Magyar denied claims by Viktor Orban's previous government that gas coming from Russia is cheap for Hungary. According to him, the prices of the blue fuel from the Russian Federation are related to the prices at the TTF gas center in the Netherlands, the largest in Europe.
The prime minister also noted that the final cost of gas to Hungary is made up of several factors, among which transit costs play a significant role.
This is why the government seeks to diversify supply sources and routes to gain a stronger bargaining position and the ability to negotiate transit rates.
Although the exact price under contracts with Gazprom is confidential commercial information and the parties do not disclose it, individual estimates and market indicators give an idea of the situation with the cost of gas for Hungary in 2025.
So last year Hungary imported more than 7 billion cubic meters of gas from Russia. According to Orban's office, this energy raw material under long-term contracts with Gazprom cost Hungary at least 30% below the market price - that is, lower than when purchased on the spot market at the TTF hub. Magyar now claims that there was no low price.
Currently, Hungary receives most of its gas consumption from Russia through the Turkish Stream gas pipeline and its branches through Bulgaria and Serbia. However, Budapest is forced to comply with Brussels' demands and prepare to refuse supplies from the Russian Federation.
Back in September, the head of the Hungarian Energy Ministry, István Kapitány, said that the government would be ready to stop using Russian gas by October 2027, the deadline set by the European Union.
Oil and capital.