Chevron(US:CVX) Xin Hua She·2025-12-17 05:54Group 1 - Hungary's Ministry of Foreign Affairs and Trade announced a liquefied natural gas procurement agreement with Chevron, totaling 2 billion cubic meters over 5 years [1] - Under the agreement, Chevron will supply Hungary's electricity company with 400 million cubic meters of liquefied natural gas annually, marking the first inclusion of U.S. LNG in Hungary's energy supply [1] - Hungary has signed contracts with Westinghouse for nuclear fuel supply for the Paks Nuclear Power Plant, with plans to start operations between 2028 and 2029 [1] Group 2 - The Paks Nuclear Power Plant, Hungary's only nuclear facility, was built by Russia and accounts for approximately half of the country's electricity generation [1] - U.S. President Trump has decided to exempt Hungary from sanctions related to energy purchases from Russia, following a commitment made by Hungarian Prime Minister Orban to purchase approximately $600 million worth of LNG from the U.S. [1] - Agreements have also been reached to utilize U.S. technology for constructing small modular reactors in Hungary [1]