Hungary will have to buy Russian natural gas if Exxon waits on offshore project -minister

Hungarian Foreign Minister Peter Szijjarto said on Wednesday his country would again turn to Russia for natural gas supplies if Exxon Mobil Corp has not decided by September whether to invest in a massive Black Sea offshore project. Romania's Black Sea reserves pose a potential challenge to Russian Gazprom's dominant role supplying Central and Eastern Europe, according to consultancy Deloitte. "Exxon Mobil can be the game changer in the energy supply of Europe.

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