Hungary's Strategic Stake in Azerbaijan's Shah Deniz Gas Field

Hungary announced its decision to purchase a stake in Azerbaijan's Shah Deniz gas field, one of the world's largest. This strategic move aims to protect Hungary from significant energy price fluctuations, as revealed by Hungarian Foreign Minister Peter Szijjarto during a briefing in Baku.

BUDAPEST, June 5 (Reuters) -

Hungary will buy a stake in Azerbaijan's Shah Deniz gas field, one of the largest in the world, Hungarian Foreign Minister Peter Szijjarto told a briefing on Wednesday in Baku.

"It gives us (Hungary) a protection from big energy price-swings," Szijjarto said.