Péter Szijjártó, Minister of Foreign Affairs and Trade, said cooperation between Hungary and Turkey is better and more mutually beneficial than ever, and the two countries have also outlined a new "milestone" target for the coming years.
Meanwhile, the two countries reached a "strategic milestone" this year, when Hungary became the first non-neighbouring country to which Turkey exports natural gas, Szijjártó said, adding that Hungary has already bought 275 million cubic meters.
"Today, we agreed to maintain that cooperation, and Hungary will receive natural gas next year too," he said.
Turkey and Hungary have also outlined a new milestone, to be achieved in the coming years, he said. "An agreement was made under which the leading oil companies of Hungary and Turkey, MOL and TPAO, will start a new strategic cooperation that will enable MOL to be involved in exploring and tap new oil fields in Turkey and also open an opportunity to the Turkish oil company to enter the Hungarian market," he said.
"This is the new strategic goal we must achieve in the coming years," he said.
Meanwhile, bilateral trade has hit new records, he said. "Cooperation also extends to new sectors, with cooperation between banks and in railway construction also on the list."
Regarding energy security, Szijjártó said Turkey was an important contributor to securing Hungary's natural gas supply.
"More than 7 billion cubic meters of gas has arrived in Hungary through the Turkish Stream pipeline via Turkey. This is a good deal more than the total [deliveries] last year. This year has shown that the Turkish Stream pipeline is capable of delivering more than 20 million cubic meters a day, which is good news regarding the energy security of the coming period," he said.
Turkey and Hungary also agreed on coordinating the measures they will have to take due to the US's decision to put Russia's Gazprombank on the sanctions list, Szijjártó said.
"Cooperation between Hungary and Turkey continues to be very beneficial ... and in view of current processes and trends, we can say that next year, Hungary will profit from it even more; and so will Turkey," he said.