Shell (SHEL) is set to sign a new long-term gas purchase agreement with Hungary, Reuters reported Tuesday, citing the country's foreign minister, Peter Szijjarto.

The agreement, to be signed later in the day, would be Hungary's "largest volume and longest western supply contract ever," Reuters quoted Szijjarto as saying. No other details were shared by the government official.

Szijjarto also said the country would continue to rely on Russian gas until the region had proper infrastructural development, Reuters reported.

Hungary concluded a six-year purchase contract with Shell in 2020 for 250 million cubic meters of natural gas per year beginning in 2021, the country's first long-term natural gas agreement with a Western energy company, according to the report.

Shell did not immediately reply to a request for comment from MT Newswires.

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