MOL and Gazprom decide against joint gas storage facility
Hungarian oil and gas company MOL on Wednesday said that it and Russian peer Gazprom decided against building an underground gas storage facility based on the results of a feasibility study.
MOL signed an agreement with Gazprom Export on establishing the facility in a 50-50 joint venture in 2009.
Construction was set to start after 2010 and the 1.3 billion cubic meter facility was to start operating in 2012 or 2013.
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.