In September 2021, Gazprom and the Hungarian company MVM CEEnergy signed two contracts that provide for the supply of a total of 4.5 billion cubic meters. gas per year for 15 years. Of these, 3.5 billion cubic meters. m of gas per year falls on the supply route through Serbia (via the Balkan Stream – a continuation of the Turkish Stream gas pipeline), 1 billion cubic meters. m – through Austria.

In August 2022, Hungarian Foreign Minister Péter Szijjártó said that Hungary had signed an agreement with Gazprom, according to which, from September 1, 2022, there would be additional gas supplied in a volume of 5.8 million cubic meters. m per day (equivalent to 2.12 billion cubic meters per year) through Turkish Stream and Serbia.

In April 2023, Hungary agreed to extend the agreement with Gazprom on possible supplies of Russian gas to the republic in excess of the volumes provided for in long-term contracts. In turn, Gazprom said that the company would “consider the possibility” of supplying above-contract volumes of natural gas to Hungary in 2023 and applying a deferred payment for these supplies.

The Republic’s Ministry of Foreign Affairs then warned about the risk of industry stopping if Russian gas was abandoned. They stated that 85% of annual gas consumption in Hungary comes from gas from the Russian Federation, and such a volume cannot be replaced in the foreseeable future. The country’s Foreign Minister Petr Szijjártó also said that Turkish Stream will allow Hungary to receive the required volumes of Russian gas bypassing Ukraine if transit through the latter is stopped.