Hungary Turns to US for Gas Amid Diversification Push

Hungary plans to buy 2 billion cubic meters of liquefied natural gas (LNG) from the United States. The announcement was made by Hungarian Foreign Minister Peter Szijjarto. Szijjarto stated that Hungary wants to buy energy from many sources and through many routes. This strategy aims to secure the lowest possible prices for the country. LNG is natural gas that has been cooled into a liquid. This form allows it to be shipped globally by tanker, unlike gas sent through fixed pipelines. The move is part of Hungary's broader plan to diversify its energy supplies. Reducing reliance on a single supplier can increase energy security and price stability. The deal with the US represents a significant new direction for Hungary's energy imports. Further details on timing and pricing were not immediately disclosed.