Hungary and Qatar have reached an agreement on liquefied natural gas (LNG) imports, and now it is up to the relevant companies to work out the business details, said Minister of Foreign Affairs and Trade Péter Szijjártó after meeting his Qatari counterpart Sheikh Mohammed bin Abdulrahman Al-Thani.
“It is in Hungary’s interest to be able to attract new resources. Qatar is making major developments in extraction and LNG transport capacity, so from 2026, they will export much more LNG than they do now. Today, we have concluded a political agreement whereby Qatar is ready to start inter-company negotiations between Qatar Energy and MVM,” Szijjártó said.
Szijjártó pointed out that the European economy is heading towards recession. It is therefore very important for Hungary to have good relations with countries that have a large influence on the world economy as a whole.
“There is no political obstacle to a positive economic cooperation with Qatar. Today, we finalized the agreement on mutual protection of investments. The signing of this agreement is another step towards attracting Qatari investment to our country under legally secure conditions,” he said.
“Qatar Airways plays an important role in ensuring direct air links between the two countries. The number of Qatari tourists visiting Hungary is already increasing,” he added.
Szijjártó also said that Qatar and Hungary share the same position on the Russian-Ukrainian war. This requires negotiations, which is why it was a huge mistake to cut off communication channels between the West and Russia.
