Amount of natural gas stored in Hungary increases

Energy Trade

The amount of gas stored in the European Union in May was 10 percentage points higher than a year ago, and the amount held in Hungary increased by a total of 48% in the previous month compared to the same period last year, the Hungarian Energy and Utilities Administration (MEKH) revealed in its monthly natural gas market report, according to Világgazdaság.

May was the first month since the outbreak of war in which total imports to European markets fell compared to the same month of the previous year, MEKH said.

In the earlier months, the higher LNG and Norwegian deliveries could make up for the lost Russian imports, but in May, the size of all available sources decreased by 5%. 


Hungarians Want to Live to 96 Analysis

Hungarians Want to Live to 96

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Wizz Air Malta Names Managing Director Appointments

Wizz Air Malta Names Managing Director

2 Protests to Take Place in Budapest on Aug 20 City

2 Protests to Take Place in Budapest on Aug 20


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.