BAKU, Azerbaijan, April 25. Hungary plans to buy more natural gas from Azerbaijan, Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó said during the 10th session of the Joint Commission on Economic Cooperation between the governments of Azerbaijan and Hungary, Trend reports.
“The partnership with Azerbaijan is a great opportunity for us. For the first time in history, we will receive Azerbaijani gas in Hungary. This cooperation will continue in the future. We intend to increase the volume of gas supplies from Azerbaijan. Azerbaijani oil will become an integral part of Hungary's energy basket,” Szijjártó said.
Touching upon other spheres of cooperation, the Hungarian Foreign Minister emphasized that one of the largest Hungarian pharmaceutical companies signed a document on cooperation with Azerbaijan and, from next year, will produce up to 19 types of products in Azerbaijan.
Meanwhile, the largest Hungarian wholesale trader of natural gas, MVM CEEnergy, and the State Oil Company of Azerbaijan (SOCAR) signed a contract earlier for the sale of 100 million cubic meters of gas. SOCAR has also started pumping the first 50 million cubic meters of gas into storage facilities in Hungary.
To note, the 10th session of the Joint Commission on Economic Cooperation between the governments of Azerbaijan and Hungary was held in Baku.
At the one-on-one meeting held between the co-chairman of the commission from Azerbaijan, Minister of Labor and Social Protection Sahil Babayev, and the co-chairman from Hungary, Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó, the sides exchanged views on the current state of ties between the two countries and issues on the agenda of the meeting.
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