Bloomberg has learned about Hungary's plans to purchase LNG from the United States for $ 600 million.

Budapest is considering the possibility of purchasing reduced natural gas (LNG) and nuclear fuel from Washington in the amount of $600 million and $114 million, respectively. This was reported on November 7 by Bloomberg, citing sources.

"The deal includes Hungary's agreement to <...> a $114 million contract with Westinghouse Electric Co. and a commitment to spend $600 million on American liquefied natural gas," the article says.

In addition, the Hungarian side has committed to purchase up to 10 small modular reactors from the American side. According to preliminary estimates, this agreement will cost the country about $20 billion.

Which time: OPEC+ countries have agreed to increase oil production

What is the reason and how can it affect the market?

On the same day, Hungarian Foreign Minister Peter Szijjarto called the ongoing discussions between Hungary's state energy group (MVM) and the American side on the purchase of LNG "advanced". According to him, if the contact is signed, 400 million cubic meters will be delivered to Hungary. m per year.

All important news is on the Izvestia channel in the MAX messenger.