Energy exports will be banned, and Hungary’s only nuclear power plant will also increase its production by extending its operating times, he added. The measures will go into effect in August.
The announcements came after Orbán convened a meeting of his Cabinet earlier Wednesday to discuss what he called an “energy emergency” in Europe.
Hungary is heavily dependent on fossil fuels from Russia, and last year signed a 15-year agreement with Russian energy company Gazprom for the purchase of natural gas. Hungary gets around 65% of its oil and 85% of its gas from Russia.
But after Moscow launched its war against Ukraine, the EU, of which Hungary is a member, sought to target Russian oil exports with sanctions.
But the nationalist Orbán fought vigorously against such measures, arguing that blocking Russian oil would cripple his country's economy. The autocratic leader managed to negotiate a concession which allowed a temporary exemption for oil imports delivered by the Russian Druzhba pipeline to certain landlocked countries like Hungary.
Earlier on Wednesday, Hungarian Foreign Minister Péter Szijjártó said at a meeting of regional foreign ministers that Hungary would seek to buy an additional 700 million cubic meters of gas before autumn, but didn't specify from where.