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Hungary’s energy security boosted by OTS nations, PM Orbán says

Economy Materials 6 November 2024 18:12 (UTC +04:00)
Hungary’s energy security boosted by OTS nations, PM Orbán says
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, November 6. Hungary’s trade with countries of the Organization of Turkic States (OTS) exceeded $5 billion in 2023, said the country's PM Viktor Orbán as he addressed the 11th Summit of OTS Heads of State in Bishkek, Trend reports.

PM Orbán also informed the meeting that Hungary has started fulfilling its commitment to contribute $100 million to the Turkic Investment Fund.

"We hope that more and more Turkic companies will invest in Hungary, and we will increasingly participate in your economic growth," he stated.

The PM also added that, this year, OTS countries have contributed more than ever before to ensuring Hungary’s energy security.

"Hungary became the first non-neighboring country to receive natural gas shipments from Türkiye, and the first shipment of natural gas from Azerbaijan has also arrived in the country. Furthermore, Hungarian oil company MOL has begun production at its field in Kazakhstan," Orbán said.

At the end of his speech, the PM reminded that Hungary is expecting OTS leaders for the next informal summit in the first half of next year in Budapest.

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