ADVERTISEMENT

Hungary: E.ON to launch major capacity expansion

Energy Trade

In 2009 natural gas storage company E.ON Földgáz Storage Zrt will complete the expansion of its storage capacity in Hungary by 600 million cubic meters, i.e. by 20%, announced the company.

At present, E.ON Földgáz can produce 47.5 million cubic meters of natural gas per day from the underground containers, which equals the 50% of the peak consumption in winter. The investment will cost Ft 32 billion (€125.3 million, $173.7 million), its first stage of a 200 cubic meters expansion will be completed as early as October, 2007. This development will add 2.5 million cubic meters to the daily amount, which would be enough for the towns of Pécs and Debrecen on a cold winter day. The expansions will make gas supply safer, and, at the same time, it will result in upping exports. The government consciously strives to bring about a regional gas distribution center in Hungary, said Ábel Garamvölgyi, secretary of state to the Economy Ministry. (Napi Gazdaság, Magyar Hírlap)

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan Debt

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan

EC Puts Hungary 2024 GDP Growth at 2.4% EU

EC Puts Hungary 2024 GDP Growth at 2.4%

HU-rizon Program: HUF 8 bln Funding for International Resear... Science

HU-rizon Program: HUF 8 bln Funding for International Resear...

Inspiring Women at the Focus of Gourmet Fest In Budapest

Inspiring Women at the Focus of Gourmet Fest

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.