Qatar Chamber and Hungarian Chamber of Commerce and Industry signed a memorandum of understanding (MoU) to strengthen economic ties, in Doha, on Sunday.
The MoU was signed by Qatar Chamber Vice- Chairman Mohammed bin Ahmed bin Towar and Hungarian Chamber of Commerce and Industry Vice-President Ferenc Millossy .
Hungary and Qatar are expected to sign a slew of agreements, including investment protection to strengthen their economic relations.
Speaking on the occasion, Millossy said: “The proposed Croatian LNG terminal can play a key role in Hungary- Qatar partnership.
Negotiations are on with Qatari and Croatian partners in this regard. We want to buy LNG from Qatar. Energy secretary of Hungry is in Qatar to hold talks with officials concerned in Qatar to import LNG through Croatian terminal”.
Hungary’s oil and gas company MOL had signed an agreement with Qatar Petroleum (QP) in 2006 for technology transfer to the latter. Hungary, which imports 80 percent of its LNG requirements from Russia, is also eyeing Qatari gas to diversify its sources.
[mappress] LNG World News Staff, May 15, 2013; Image: Qatar Chamber