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FGSz sees HUF 250 bln in infrastructure investments over ten years

FGSz Földgázszállító, the gas delivery unit of Hungary's MOL, plans to spend HUF 250 billion on infrastructure developments over ten years, CEO János Zsuga told MTI on the sidelines of a conference on Thursday.

The spending target is contained in a ten-year development plan FGSZ must submit to the Hungarian Energy Office (MEH) for approval in January, Zsuga said. The cost of the investments would mean HUF 3 on top of the end-user price of each cubic meter of gas, he added.

FGSz's 4.5 billion cubic meter capacity interconnector with Serbia as well as its 1.5 billion cubic meter capacity interconnector with Romania are already operating. A 6.5 billion cubic meter capacity interconnector with Croatia is expected to go online at the end of 2010. The interconnector with Austria will be expanded by 4.5 billion cubic meters in 2012. A 4 billion cubic meter capacity expansion is planned at the interconnector with Slovakia and a 0.3 billion - 1.2 billion cubic meter expansion at the interconnector with Slovenia. (MTI-Econews)