BAKU, Azerbaijan, December 10. SOCAR President
Rovshan Najaf met with CEO of MVM Group Károly Mátrai to enhance
regional energy security cooperation, the statement from SOCAR
said, Trend
reports.
The meeting reviewed cooperation issues between the companies in
various areas of the energy sector and exchanged views on current
projects and future partnership opportunities.
The parties discussed the prospects for expanding cooperation in
gas supply, infrastructure projects, sustainable energy solutions,
and regional partnership areas.
Within the framework of the meeting, a new agreement on natural
gas supply was signed between SOCAR and MVM ONEnergy. The
agreement, which will enter into force on January 1, 2026, serves
to further strengthen the strategic energy partnership between
Azerbaijan and Hungary.
The new agreement on natural gas supply was developed on the
basis of a previous agreement between the companies. Over the past
years, both companies have continued successful, reliable, and
mutually beneficial cooperation. The extension of the partnership
reflects the commitment of both parties to long-term energy
cooperation and regional energy security.
MVM Group is a leading Hungarian state-owned energy company,
pivotal in electricity and gas generation, transmission,
distribution, and trade across Central and Eastern Europe. It
encompasses all energy sectors and offers related services, with a
significant international footprint. As Hungary's largest
nationally owned enterprise and a top player in the CEE region by
revenue, MVM's operations include various power plants (nuclear,
coal, solar, and hydro) and gas storage interests. The company's
vision emphasizes regional competitiveness, sustainable energy
supply, and innovation and aims to double EBITDA.
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