Emfesz Kft, a Hungarian natural gas trader, is considering spending as much as Euro 100 million to build a gas-storage facility in Poland by 2008 to satisfy local regulations, a company executive said. The planned facility may store 200 million to 300 million cubic meters of the fuel and start operation in 2008, Emfesz Managing Director István Góczi said in a telephone interview today. Budapest-based Emfesz was set up in 2003 to sell natural gas in eastern Europe. The storage facility would satisfy Polish regulations, which require gas traders to store 3% of their annual supplies in Poland. "We may sell up to 500 million cubic meters of gas in Poland this year," Góczi said. (Bloomberg)
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.