In Germany, disaster management is already making videos of what people should do if there is no gas in the winter and they can’t heat. The accompanying text also indicates that a disaster management exercise will be held. The situation is getting worse in Europe due to rising energy prices and gas supply disruptions, but there are no such problems in Hungary, thanks to the Hungarian government’s unique overhead reduction and the extremely favorable contract with Gazprom for Hungary and the filling of our gas storage facilities.
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The German Disaster Management (BBK) recently posted a video on its Twitter page showing what people would do if there was no gas and therefore no heating. The video, which is intended to be informative but seems postapocalyptic, shows an elderly aunt sitting at home in a winter coat, scarf and gloves, making an improvised stove out of tiles, using candles, and closing the window with insulating foil.
The scene presented in the video may soon become a reality as gas shortages become an increasingly serious problem in Europe.
In this respect, one of the worst countries is Germany, no wonder they have to inform the population with videos and appeals like this, as there is a realistic chance that such conditions will prevail in the winter.
In contrast, Hungary’s gas supply is secured after on September 27 Minister of Foreign Affairs and Trade Péter Szijjártó has signed another long-term gas purchase agreement with Russian Gazprom, which guarantees the security of Hungary’s energy supply for fifteen years.
In Hungary, energy supply is a security, sovereignty and economic issue, not a political one. Homes, houses and family homes can be heated less by political resolutions, all the more by gas, and the same is true for the viability of industry –
said the Minister.
The agreement is for ten plus five years, ie fifteen years, however, after ten years there is an option to modify or, if necessary, reduce the quantity purchased. The contract covers the purchase of 4.5 billion cubic meters of gas per year. It is also important to emphasize that the price is much more favorable than what the Hungarian side paid on the basis of the expiring contract concluded in 1995.
Thanks to this favorable contract for Hungary, the achievements of overhead reduction can be preserved in the long run, Hungarian consumers will continue to pay one of the lowest gas prices in Europe.
It is also worth noting that while energy prices have liberalized across Europe and gas shortages are common in many EU Member States, overhead cuts in Hungary will not lead to higher prices for the population, security of natural gas supply is guaranteed by gas storage capacity and the newly concluded contract. .
We previously reported that the filling level of gas storage facilities in Hungary is high, at 86 percent, which is well above the European average. Hungary has four billion cubic meters of commercial and 1.45 billion cubic meters of strategic stock. This amount of gas would be enough to supply the entire economy for at least 109 days if for some reason no gas arrived in the country, ”said Attila Steiner, Secretary of State for Development, Energy and Climate Policy at the Ministry of Innovation and Technology (ITM).
The policy of the national government is an economic policy achievement that was attacked at the time, but now life has confirmed its legitimacy. Already in 2020, Hungarian consumers paid for Europe the lowest overhead, while in the past the exact opposite was true. The overhead reduction ordinance came into force in January 2013, followed by a 25 per cent reduction in the price of residential electricity, gas and district heating in three steps. Meanwhile, gas prices have liberalized in Europe, but Hungary is not affected by these problems due to government policy.
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