The contract provides for annual supplies of 400 million cubic meters, contributing to efforts aimed at broadening the range of energy sources and delivery pathways available to the country.
"Today we have reached an important milestone in American-Hungarian energy cooperation by signing a contract for 400 million cubic metres of LNG a year," Foreign Minister Peter Szijjarto said in a post on social media platform X.
"We are interested in purchasing energy from as many sources and via as many routes as possible, ensuring the lowest prices."
This arrangement builds on recent initiatives to secure additional supplies from various international partners, enhancing options for natural gas procurement.
In related developments from November 2025, following discussions involving Prime Minister Viktor Orban, commitments were made regarding purchases of U.S. liquefied natural gas, with estimated contract values around $600 million.
A representative from the White House indicated at that time that certain arrangements were limited to a one-year duration.
Furthermore, the chief executive of MVM stated earlier this month that the company possesses sufficient capacity to maintain gas supplies for domestic needs under various scenarios, though adjustments in sourcing could influence cost structures.
This latest deal with Chevron represents a step forward in bilateral energy collaboration between the United States and Hungary, facilitating access to alternative liquefied natural gas volumes.
By incorporating supplies from diverse origins, such agreements support stability in energy availability while allowing flexibility in response to market conditions.
The focus on multiple suppliers and routes aligns with practical approaches to securing competitive pricing and reliable delivery for natural gas, a key component in the national energy mix.
As global liquefied natural gas trade continues to expand, partnerships like this enable landlocked nations to participate through established terminal infrastructure and transportation networks.
Overall, these measures reflect ongoing strategies to optimize energy procurement, balancing current requirements with long-term accessibility and affordability considerations.
The involvement of major international energy companies underscores the interconnected nature of supply chains, promoting mutual benefits in resource distribution and infrastructure utilization.
