Hungary defends Russian energy use
Claims the country lacks alternatives to Russian oil and gas may be exaggerated, although higher costs and reduced security of supply are legitimate concerns.
Hungarian Foreign Minister Peter Szijjarto delivered a combative address at the Gastech conference in Milan in September, defending his country’s continued reliance on Russian oil and gas while attacking EU energy policy. Hungary and neighbouring Slovakia are among a handful of EU member states that still depend heavily on Russian hydrocarbons. Hungary sourced 86% of its oil from Russia last year, according to Finland-based Centre for Research on Energy and Clean Air (CREA), while Slovakia is nearly 100% dependent. They do so thanks to exemptions the European Commission granted them to an embargo on Russian oil that came into force in 2023. These exemptions have no set expiry. Likewise, the
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation






