Hungary, Romania agree on gas supplies

Romania will establish the technical conditions for gas exports to Hungary by 2020 in line with an agreement signed by foreign ministers Peter Szijjarto of Hungary and Teodor Melescanu of Romania in Bucharest on Monday. From 2022, large volumes of gas extracted on the Black Sea will be available to Hungary, Szijjarto said. Hungarian companies have reserved the entire 4.4 billion cubic metres annual capacity on the Romania-Hungary supply route, he added. "This is the first opportunity in the past few decades that Hungary can buy large volumes of gas from a non-Russian source," he said, hailing the cooperation agreement as "historic progress towards Hungary's energy security".