Overview
- Naftogaz announced a memorandum of understanding with Hungary’s MOL to build oil-product storage near the Hungarian–Ukrainian border to serve Ukraine’s fuel needs.
- Hungarian Prime Minister Peter Magyar told parliament the government will not permit construction on Hungarian territory and described the agreement as purely theoretical.
- Magyar said MOL began talks under the previous administration and that the company must coordinate any next steps with the current government because the state retains an ownership stake.
- Naftogaz framed the plan as a way to diversify supply routes and place fuel reserves outside areas vulnerable to Russian strikes to strengthen Ukraine’s winter resilience.
- Because the memorandum is nonbinding, has no approvals, and would take years to implement, the proposal is now politically contested and its future depends on formal agreements and government sign-off.