In a statement, the Turkish company, BOTAS, described the deal as “groundbreaking” that marks the first time Turkey has entered into an agreement to export natural gas with a non-neighboring country.
In an agreement to buy 300 million cubic meters (mcm) of natural gas Hungarian energy group MVM and Turkish energy company BOTAS have reached an agreement, according to Reuters.
“This strategic arrangement is part of the government’s overall initiative to strengthen national energy self-sufficiency,” Hungarian government spokesman Zoltan Kovacs said on social media platform X, formerly known as Twitter.
“This move is aimed at strengthening energy security and stabilizing natural gas prices, given the international energy crisis caused by conflicts and sanctions.”
The purchase was agreed during Turkish President Tayyip Erdogan’s visit to Hungary on Sunday, and details are expected to be finalized by the end of the year, Kovacs said.
In a statement, the Turkish company, BOTAS, described the agreement as ‘groundbreaking’ marking the first time Turkey has entered into a gas export deal with a non-neighboring country and that it will enhance the security of European energy supply.
Source :Skai
With a wealth of experience honed over 4+ years in journalism, I bring a seasoned voice to the world of news. Currently, I work as a freelance writer and editor, always seeking new opportunities to tell compelling stories in the field of world news.
