mo4ch:>Hungary to turn to Russian gas supplies if Exxon refuses to invest in Black Sea mega-project | Mo4ch News

Budapest will resume massive purchases of Russian natural gas if US oil giant Exxon Mobil doesn’t invest in a vast Black Sea offshore project, according to Hungarian Foreign Minister Peter Szijjarto.The top official warned that Hungary may sign another deal with Russia if Exxon fails to resolve the issue by September.“Exxon Mobil can be the game changer in the energy supply of Europe,” Szijjarto said in an interview with Reuters. “But they should finally make their final investment decision.”The project is focused on gas deposits in the Romanian part of the Black Sea, which represent great potential for diversification of energy supplies for Central and Eastern Europe, according to London-based consultancy Deloitte. Once tapped, the reserves could reportedly generate $26 billion in revenue for the Romanian exchequer over the next two decades.Also on rt.comVienna has no intention of ditching Nord Stream 2 despite US pressure – Austrian presidentAlong with other Eastern European nations…