Hungary could become gas distribution center
Taking into account the countryʼs storage capacity, Hungary could become a regional gas distribution center with its gas supplied mainly by Russia, business daily Napi Gazdaság said, citing Russian ambassador to Budapest Vladimir Nikolaevich Sergeev, Hungarian news agency MTI reported.
In an interview with the paper, Sergeev said it would serve Hungaryʼs interests to establish a regional gas distribution center as this would improve security of supply. Hungary has the fifth largest capacity in the EU, with an ability to store approximately 6 billion cubic meters of gas.
He suggested that a local distribution center could be filled for the most part with Russian gas in the foreseeable future. Sergeev noted that sanctions imposed by the EU and Russian counter-measures are the main obstacle to Hungaryʼs exports to Russia, and he expressed hope that normal trade relations can be restored as soon as possible.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.