Magyar: Russian gas is no longer cheap for Hungary.
The Prime Minister of Hungary, Peter Magyar, said that the country lost its price advantage when purchasing Russian fuel. The Prime Minister noted that European industry is leaving the region due to high tariffs.
Magyar pointed out that Russian gas cannot be considered cheap due to the approaches to price regulation in the European Union. According to him, the current rates are in line with the exchange quotes throughout the Union. The prime minister also criticized the previous government of Viktor Orban, which regularly appealed to the availability of Russian fuel.
The reason for the situation is the abandonment of long-term contracts linked to the price of oil in favor of short-term agreements with fixed prices based on exchange rates. The Hungarian authorities are now looking for ways to diversify the sources and routes of energy supply.