Media: Hungarian MVM agreed with Gazprom to defer payments for gas

The Hungarian gas company MVM has entered into an agreement with Gazprom to defer payments for gas, the Hungarian portal reported. Index with reference to the company. The decision was made against the backdrop of sharp price fluctuations.

According to the portal, the decision to defer payment was made against the backdrop of extreme price fluctuations. It is necessary to optimize financing for the upcoming winter period.

The delay will ensure the company’s financial flexibility and liquidity security. Gas supplies to Hungary will be guaranteed by a long-term contract that MVM and Gazprom signed in 2021, Index explained.

MVM also reported that it uses 800 million cubic meters. m of gas from its reserves, worth about €1.5 billion, as part of Budapest’s efforts to contain rising prices for the population.

Former Hungarian Prime Minister Viktor Orban spokethat the country has reserves for five to six months. Gas will be supplied to the country through the Turkish Stream gas pipeline.

Olesya Pavlenko