Source link : https://europ.info/2025/09/14/hungary-strengthens-energy-partnership-with-shell-amid-ongoing-dependence-on-russia/
Hungary is bolstering its energy partnership with global oil giant Shell amid ongoing dependence on Russian supplies, underscoring the complex dynamics shaping Europe’s energy landscape. As geopolitical tensions and supply uncertainties continue to challenge the region, Budapest’s strategic move highlights its efforts to diversify energy sources while managing existing ties with Moscow. This development signals a nuanced approach to securing energy stability in a volatile market, reflecting broader trends across the continent.
Hungary Strengthens Partnership with Shell to Diversify Energy Sources
Hungary is accelerating its efforts to broaden its energy portfolio by deepening collaboration with Shell, aiming to reduce its historic dependence on Russian gas supplies. This renewed partnership focuses on exploring alternative energy sources, including liquefied natural gas (LNG) imports and investments in renewable energy projects. By leveraging Shell’s global expertise and infrastructure, Hungary intends to increase energy security while aligning with the European Union’s strategic objectives for a more resilient and diversified energy market.
Key initiatives in the partnership include:
- Expansion of LNG terminal capacity to support diversified gas imports
- Joint development of low-carbon energy solutions, such as hydrogen and biofuels
- Collaborative efforts on energy storage and grid modernization
- Technological exchange programs to enhance sustainable energy…
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Author : Mia Garcia
Publish date : 2025-09-14 15:40:00
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