ADVERTISEMENT

Ukraine expects 10% more gas through Hungary

Energy Trade

Ukraine expects daily gas flow through Hungary to grow 10% to 5.5 million cubic meters from today, Maxim Belyavsky, public relations officer of Ukrainian gas distributor Ukrtransgas, told Russian news agency Ria Novosty yesterday. 

In the first half of this month, Ukraine imported more than 1 bln cubic meters of gas, of which 642 mln arrived from the EU and 400 mln from Russia, the official added. In January, Ukraine imported almost 1.1 bln cubic meters of natural gas from the EU, including 63.3 mln through Hungary.

After more than a three-month lull, Hungary resumed gas deliveries to Ukraine on January 10 this year. Hungarian transmission system operator FGSZ decided to suspend gas deliveries to Ukraine on September 25, 2014, citing a need to top up domestic reserves.

Deliveries became sporadic in early February, with daily volumes falling to 5,000 cubic meters from the previous more than 3 mln. FGSZ explained the development with falling demand. From February 5, deliveries increased to a daily 5 million cubic meters. Last year, Ukraine imported a total of 600 million cubic meters of gas from Hungary.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.