Hungary has taken a significant step to reduce its reliance on Russian energy by entering into a $2 billion gas supply agreement with global energy company Shell. This landmark deal marks the country’s first major move toward diversifying its natural gas sources amid ongoing geopolitical tensions and energy security concerns in Europe. As Budapest seeks alternatives to Moscow, the partnership with Shell underlines Hungary’s commitment to securing stable and resilient energy supplies while navigating the complex regional energy landscape.
Hungary Secures Strategic Partnership with Shell to Diversify Gas Supplies
Hungary has inked a landmark $2 billion agreement with energy giant Shell, signaling a decisive move to diversify its natural gas sources beyond Russian supplies. This partnership aims to enhance energy security amid ongoing geopolitical tensions in Eastern Europe, as Budapest seeks to reduce vulnerabilities linked to its heavy dependence on Moscow. The deal includes…
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Author : William Green
Publish date : 2025-09-10 23:26:00
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