BUDAPEST, Hungary (AP) — Hungary’s government has declared an “energy emergency” in response to supply disruptions and skyrocketing energy prices in Europe, an…
There is “unlikely to be enough gas in Europe for the autumn and winter heating season,” said Gergely Gulyas, Prime Minister Viktor Orban’s chief of staff.
“The prolonged war and the sanctions from Brussels have caused energy prices to rise dramatically across Europe, and in fact a major part of Europe is already in an energy crisis,” Gulyas said. Energy exports will be banned, and Hungary’s only nuclear power plant will also increase its production by extending its operating times, he added. The measures will go into effect in August.
Hungary is heavily dependent on fossil fuels from Russia, and last year signed a 15-year agreement with Russian energy company Gazprom for the purchase of natural gas. Hungary gets around 65% of its oil and 85% of its gas from Russia.
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