Hungary negotiates gas purchase with Egypt

Hungary and Egypt will sign a strategic partnership agreement aimed at cooperation based on mutual benefits in the areas of the nuclear industry, higher education, economy and energy supplies, the minister of foreign affairs and trade said in Cairo on Tuesday.

Péter Szijjártó said the agreement would be signed at a meeting between Prime Minister Viktor Orbán and Egyptian President Abdel Fattah el-Sisi later in the day.

“Egypt and Hungary have been in long-term cooperation based on mutual respect, with both countries profiting a lot in the recent period,” Szijjártó said.

During their official visit in Cairo, the Hungarian delegation will sign several agreements including one on nuclear cooperation aimed at an exchange of experience, training experts and student exchange programmes, Szijjártó said. He noted that the two countries were simultaneously completing a nuclear plant project using the same technology and contractor.

• Orbán reveals how long the food price and interest rate freeze will remain in Hungary – UPDATE

Szijjártó also announced the start of negotiations on buying liquefied natural gas from Egypt to be used in Hungary from 2026, thus increasing the country’s energy security.