Overview

• Shell will supply about 200 million cubic metres of gas per year to MVM CEEnergy for ten years beginning in January 2026, totaling roughly 2 billion cubic metres.
• Foreign Minister Peter Szijjarto described it as Hungary’s largest-volume and longest-duration supply agreement with a Western partner.
• Officials emphasized the contract does not replace Russian deliveries, and Hungary remains bound to a 4.5 bcm per year Gazprom deal through 2036.
• Hungary imported around 5 bcm via the TurkStream route by the end of August, highlighting ongoing reliance on Russian pipeline gas.
• The deal builds on a 2020 Shell arrangement that delivered 250 mcm of LNG annually via Croatia’s Krk terminal and the Hungary–Croatia pipeline, and Shell separately has paused a planned Rotterdam biofuels project after a commercial review.