Sergey Kondratiev, Principal director of the economic department of the Institute for Energy and Finance, commented to the Kommersant newspaper about additional Russian gas supplies to Hungary.
Hungary agreed with the Russian government on gas supplies in excess of the contract for the period of preparation for the new winter season, as well as on the deferment of payments for supplies under the main contract in case of price increases. Overcontract volumes will be supplied via Turkish Stream. Hungary remains the only EU country that receives gas from Russia in full contractual volume - about 4.5 billion cubic meters of gas per year.
Historically, Hungary has relatively large UGS facilities (6.6 billion cubic meters), which, when fully filled, cover the demand for gas in the country during the entire autumn-winter period, Sergey Kondratiev notes. According to him, maintaining increased supplies from Russia will allow Hungary to ensure the filling of UGS facilities up to 85-90%.
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