Gazprom Export and MVM CEEnergy have signed two long-term contracts in Budapest that will supply Hungary with Russian natural gas, a press release published by Gazprom announced.

The two contracts include total supplies of up to 4.5 billion cubic meters per year (bcm/y) of natural gas and they will be effective for 15 years.

According to the agreements, Hungary will begin to receive Gazprom’s gas via TurkStream and the gas pipelines in southeastern Europe at the beginning of October 2021.

“This was made possible to a large extent through the efforts of Bulgarian, Serbian and Hungarian companies in charge of developing the national gas transmission systems,” Gazprom Management Committee’s Chairman Alexey Miller said, commenting on the agreement.