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Hungary, Cyprus sign bilateral energy deal on gas supply

December 14th, 2018

Hungary and Cyprus have signed a bilateral natural gas agreement in connection with supply from Cyprus's offshore Aphrodite gas field, Foreign Minister Peter Szijjarto said on Friday. Szijjarto said that Hungary regarded the gas from Cyprus as a realistic alternative with a view to boosting its energy security and diversifying gas supplies. Speaking at the inauguration of a Hungarian consulate in Nicosia, he noted that Hungary is almost totally reliant on Russian gas supplies. The agreement with Cyprus sets the stage for Cyprus gas to enter the market in south-eastern and central Europe, he said.


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