ADVERTISEMENT

Gas from Ukraine arrives intact, reserves filling up

Energy Trade

The delivery of gas from Ukraine is proceeding according to contract, and Hungary's strategic gas reserves are being filled continuously, National Development Minister Miklós Seszták announced today.

Hungary’s strategic gas reserve operator the MMBF Földgáztároló will meet its legal obligation of storing 915 million cubic meters of strategic gas by June 30, Seszták added.

Currently Hungarian reserves store 2 billion cubic meters of gas, which amount is sufficient to satisfy the domestic demands of Hungary for several months, even if the heating season of winter is included.

MMBF Földgáztároló is owned by  Hungarian Development Bank (MFB) in 51% and Hungarian Hydrocarbon Stockpiling Association (MSZKSZ) 49% after MOL sold them its majority stake in a transaction closed in January 2014.

Zwack Profit Falls 16% Figures

Zwack Profit Falls 16%

EC Advances Infringement Procedure Over Hungary's Sovereignt... EU

EC Advances Infringement Procedure Over Hungary's Sovereignt...

Hell Energy Inaugurates HUF 80 bln Capacity Expansion Manufacturing

Hell Energy Inaugurates HUF 80 bln Capacity Expansion

Puskás Arena to Host 2026 Champions League Final In Budapest

Puskás Arena to Host 2026 Champions League Final

SUPPORT THE BUDAPEST BUSINESS JOURNAL

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.