American giant Chevron will supply 2 billion cubic meters of LNG (400 million per year) to MVM starting in 2026, marking Hungary’s first import of American LNG.

🔘The EU plans to phase out Russian gas by 2027, while Hungary maintains a waiver from US sanctions to continue importing from Russia, which still dominates its supplies.

🔘This agreement complements recent deals with Azerbaijan, Shell, and Engie, reflecting geopolitical shifts affecting energy markets.

Author: @iPr1nce

Seamen’s Club 🇺🇦 | PRO_LNG | #education