Ft 0.17 per cubic meter to be built into cost of gas

Energy Trade

An additional Ft 0.17 per cubic meter will be built into the cost of gas from January 1, 2007 to pay for a government-mandated 1.2 billion-cubic-meter strategic gas reserve, spokesman of MSzKSz Strategic Gas Reserve, Zoltán Sipos said on Tuesday.

The cost of paying for the reserve calculates as Ft 170 per thousand cubic meters of gas, and Ft 5,000 per terrajoule of heat, Sipos said. Sipos was speaking after the MSzKSz Strategic Gas Reserve Zrt board approved proposals by Hungarian oil and gas company Mol Nyrt on the construction of the reserve. Mol won the right to build the facility in a tender, but MSzKSz later asked the company to lower its offer price. The reserve will now cost Ft 150 billion to build, excluding the cost of filling it with gas. (Mti-Eco)

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.