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CEEGEX submits plan for Hungarian LNG exchange - newspaper

CEEGEX Zrt, a unit of Hungarian Power Exchange operator HUPX Zrt, has submitted plans to the Hungarian Energy Office (MEH) to launch a natural gas exchange in Hungary, the business daily Világgazdaság reported on Wednesday.

CEEGEX has until end of July to present the plan and apply for a license.

Világgazdaság said the exchange would have a start-up cost HUF 100 million, compared to the Hungarian Power Exchange's start-up cost of HUF 200 million.

HUPX is required to launch a natural gas exchange by January 1, 2013.