Orban called the agreement a breakthrough and a great Hungarian success.
The agreement reached at a summit in Brussels on Friday establishes a unified energy market across the EU through the dismantling of regulatory restrictions and the construction of cross-border infrastructure connecting gas, oil and electricity networks, Orban said. The heads of state and government also agreed that every member state must be able to take deliveries from at least two independent suppliers, he added.
In the interest of reducing energy dependence, the leaders made the construction of the north-south energy networks a top priority, and they acknowledged the need to accelerate the progress of the construction of the Nabucco pipeline, he said.
Orban noted that Hungarian energy networks are in the process of being connected with those in Romania, Croatia and Slovakia.
National Development Minister Tamas Fellegi is also in talks with Slovenia on an interconnector.
Hungary will “free itself from a giant trap” when, in just a few years, the country will be able to take energy deliveries from the Black Sea, the Baltic Sea, the Adriatic Sea, Azerbaijan and even North Africa, Orban said.
A decision will be made soon on the construction of a new block at Paks, Hungary’s only nuclear power plant, he said. The expansion would give the plant capacity to meet 60 percent of Hungary’s electricity demand.
Currently the plant meets more than 40 percent of demand.
If Hungary can avail of so many opportunities, it will have a realistic chance to get better deals when its long-term energy supply contracts expire in 2015, Orban said.
Orban said the government would announce a programme in February that supports the conversion of gas-burning furnaces to mixed-fuel furnaces.