Hungary Establishes Legal Framework for Possible LNG Investments

Energy Trade

Image by Shutterstock.com

Hungary has created the legal conditions that would make LNG infrastructure investments "theoretically possible", Energy Affairs Minister Csaba Lantos said in an interview with the website Világgazdaság published on Tuesday, according to a report by state news wire MTI.

Lantos noted that a regasification facility would soon be built in Bratislava and said LNG delivered by lorry to Hungary could be regasified locally. 

"The big question is how much that would cost," he added.

He acknowledged that gas delivered via pipeline would be cheaper, but said there was "no single solution" to ensuring Hungary's energy security. "All options must remain open," he added.

E.ON Survey Shows Support for Renewables, Need for Innovativ... Green Energy

E.ON Survey Shows Support for Renewables, Need for Innovativ...

Hungary in Talks on Attracting More Chinese Investments - Sz... Int’l Relations

Hungary in Talks on Attracting More Chinese Investments - Sz...

Close to 2,500 Companies Apply for EV Subsidies Automotive

Close to 2,500 Companies Apply for EV Subsidies

Olympic Fest of Street Sports in Budapest Coming This June In Budapest

Olympic Fest of Street Sports in Budapest Coming This June

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.