Russia halts gas to Ukraine, imports to Hungary continue

Energy Trade

wikimedia commons

Following reports that Russia’s Gazprom cut off gas deliveries to Ukraine,  Magyar Földgázkereskedő, the gas trading unit of state-owned Hungarian Electricity Works (MVM), said yesterday that Hungaryʼs gas imports are continuing uninterrupted and at a level appropriate for secure supply, Hungarian news agency MTI reported today.

The Hungarian company said that Gazprom is meeting all of its commitments in a long-term delivery contract, MTI reported.

The majority of gas imported to Hungary arrives from Russia, passing through pipelines in Ukriane.

Hungaryʼs gas storage facilities currently contain 3.2 billion cubic meters of gas, well over the projected household demand, and more than half of the nationwide requirement for winter, state secretary for energy András Aradszki said on November 19.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Martina Cifer joins Avison Young Hungary Appointments

Martina Cifer joins Avison Young Hungary

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.