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2025-12-17 06:21:18
[Hungary and the US Sign LNG Purchase Agreement] Hungarian Foreign Minister Péter Szijjártó announced in Budapest on December 16 that Hungarian Electric Power Company (EDC) and US-based Chevron Corporation signed a five-year LNG purchase agreement for 2 billion cubic meters of natural gas. Szijjártó made the announcement at a joint press conference with US Deputy Secretary of Energy James Danley. He stated that under the agreement, Chevron will supply EDC with 400 million cubic meters of LNG annually. This marks the first time US LNG has been included in Hungary's energy supply structure. Szijjártó also mentioned that Hungary has signed a contract with Westinghouse Electric Corporation for nuclear fuel supply to the Pákš nuclear power plant, with plans to commence operations between 2028 and 2029. The two sides also reached an agreement on using US technology to build small modular reactors in Hungary. (CCTV)
