Hungary Gas Reserves Above Level Expected by EU

Energy Trade

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Reserves in five Hungarian gas storage facilities have reached 3.88 billion cubic meters by August 25, some 227 million cubic meters more than would be necessary by November 1 based on the European Union's gas storage regulations, the Hungarian Energy and Public Utilities Regulatory Office (MEKH) said on Monday, according to a report by state news wire MTI.

Gas reserves currently equal 37.17% of the past five years' annual average consumption, compared to the necessary 35%, and could cover 98% of households annual needs, MEKH said.

Hungary is in fourth place in the EU in terms of reserves in proportion to consumption, MEKH noted.

Gas reserves are at 61.3% of total capacity, it added.

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