Hungary will seal another long-term gas supply deal with Russia later this year, if ExxonMobil fails to take a decision on investing in an offshore project in the Black Sea, Foreign Minister Péter Szijjártó has told Reuters.
“ExxonMobil can be the game changer in the energy supply of Europe. But they should finally make their final investment decision,” Szijjártó told Reuters in an interview in Houston where he was opening a diplomatic trade mission.
“If they don’t make that decision until September, I will have to make another long-term agreement with the Russians,” he added.
ExxonMobil spokesperson Julie King told Reuters that a decision on investing in the Neptun Deep project in Romania would require “competitive and stable fiscal terms, a liberalised Romanian gas market that enables free trade, and sufficient interconnectivity with neighboring free and liquid markets, in each case, for the duration of our concession agreement”.