What’s the truth? Russia sells gas to Hungary extremely expensively
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The Hungarian government of Viktor Orbán bought gas from Putin at a higher price in June, paying HUF 2 billion (EUR ~5 million) more than the stock market price. And this is not the first time this has happened.
Just a month ago, we reported that Hungary could have bought gas one-and-a-half times cheaper on the Dutch exchange in May than from Russia. In the month of June, the same happened: the Orbán government paid HUF 2 billion more to Russia for gas than it would have, had it bought gas on the stock exchange, reports Népszava.
Gas from Russia vs on the stock exchange
In June, Hungary paid an average of EUR 1069 (HUF 430,000) to Russia for a thousand cubic metres of natural gas. But the average price of Russian gas two months ago was EUR 992 (HUF 390,000), according to the Dutch gas exchange TTF. According to the KSH database, Hungary paid a total of HUF 158 billion (EUR 393 million) for Russian gas in June. But if the government had bought Russian gas on the stock exchange, it would have cost HUF 2 billion less.
Why is the gov speculating with our tax money in commodities like oil and gas? Are MOL and MVM not capable of buying the raw materials they need on the open market? Perhaps an even more interesting question is how much MVM paid the gov for the gas it so cleverly bought from Russia. These questions are never asked, much less answered. So sad.
So, instead of 158 it could be 156? 🤦🏻♂️
Overpaying to “friends” … Nothing to see here, folks! #sheeple