Azerbaijan and Hungary Strengthen Ties with Gas Supply Agreement

| News, Politics, Azerbaijan

On August 20, President of Azerbaijan Ilham Aliyev arrived in Budapest for a working visit at the invitation of Prime Minister of Hungary Viktor Orbán, the Press Office of the Azerbaijani President reported.

On the same day, President of Azerbaijan Ilham Aliyev met with Viktor Orbán in Budapest.

Noting his visit to Hungary this January, Aliyev stressed the importance of fruitful and comprehensive discussions held during the visit and praised the successful implementation of the agreements.

During the meeting, they lauded the successful development of energy cooperation between Azerbaijan and Hungary, including oil and gas. They emphasized the significance of delivering Azerbaijani gas to the Hungarian market. The sides noted Hungary's investment in Azerbaijan in the field of the food industry and the positive dynamics achieved in cooperation in the areas of the pharmaceutical industry, touched upon the importance of implementation of Baku-Budapest flights through the Hungarian air carrier, and lauded the overall development of bilateral relations. They described the start of Hungarian companies' activities in the ongoing restoration and construction works carried out in the liberated territories of Azerbaijan as a positive step and underlined more significant opportunities in this area. The sides noted cooperation in science and education, in particular, applauded granting higher education scholarships to Azerbaijani students in Hungary and emphasized cooperation in vocational education in the future.

During the conversation, they also stressed the importance of signing the Agreement on a strategic partnership in the field of green energy between the governments of Azerbaijan, Georgia, Romania, and Hungary and continuing efforts toward implementing the project to lay an electric cable under the Black Sea. The sides noted the Middle Corridor's significance and the cargo transportation increase.

They praised the two countries’ successful cooperation within the Organization of Turkic States and other international organizations.

Moreover, on August 21, Péter Szijjártó, the Minister of Foreign Affairs and Foreign Economic Relations of Hungary, reported that Budapest and Baku had signed an agreement under which the volume of Caspian gas supplies to Hungary will increase to about 1 billion cubic meters. 

According to him, Hungary will buy 100 million cubic meters of gas in the fourth quarter of 2023. The head of the Hungarian diplomacy also recalled the agreement on the storage of 50 billion cubic meters of Caspian gas in Hungary's reservoirs. According to Szijjártó, Budapest has been developing cooperation with Baku for a long time, and the signed agreement provides for a further increase of gas supplies of up to one billion cubic meters. At the same time, the minister emphasized that Hungary is working to diversify gas supplies.

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