LONDON (Reuters) - Shell has signed a 10-year natural gas supply deal with Hungarian state-owned energy company MVM Group, the oil major said on Tuesday, in a move designed to strengthen its presence
Shell Signs Decade-Long Natural Gas Supply Agreement with MVM CEEnergy
Shell's Long-Term Gas Supply Agreement with MVM
LONDON (Reuters) - Shell has signed a 10-year natural gas supply deal with Hungarian state-owned energy company MVM Group, the oil major said on Tuesday, in a move designed to strengthen its presence in central and eastern Europe.
Details of the Gas Supply Deal
Shell, the world’s biggest liquefied natural gas trader, will sell approximately 200 million cubic metres of natural gas a year to the Hungarian natural gas wholesaler MVM CEEnergy, beginning in January 2026, Shell said.
Impact on Hungary's Energy Landscape
MVM Group receives a large amount of its gas from Russia, unlike energy providers in most European countries following Russia's invasion of Ukraine.
(Reporting by Stephanie Kelly and Shadia Nasralla; Editing by Kirsten Donovan)
