Core Points - Shell has signed a ten-year contract to supply natural gas to Hungary's MVM CEEnergy, starting in January 2026, with an annual supply of approximately 200 million cubic metres [1] - This agreement is described by Hungary's Foreign Minister as the "largest volume and longest western supply contract ever" for the country, building on a previous six-year contract for 250 million cubic metres of LNG annually [2] - Hungary's annual gas consumption is around eight billion cubic metres, and despite the new deal, the country will continue to import gas from Russia's Gazprom due to geographical and infrastructural limitations [3][4] Supply Chain and Infrastructure - The LNG supplied by Shell is transported to Croatia's Port Krk, regasified, and then delivered to Hungary via the Hungary-Croatia gas pipeline [3] - Hungary has increased its gas imports from Gazprom, particularly through the Turkstream pipeline, with around 5 billion cubic metres imported by the end of August, potentially setting a new record for the year [5] - Hungary also facilitates gas transit to Slovakia and acquires gas from Romania and Austria through the HAG pipeline [5]