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Emfesz says company's gas supply is secure

Emfesz, the biggest player on Hungary's deregulated gas market, denied rumors that it will soon run out of gas, stating that the company will continue to provide consumers with a steady supply of gas, Emfesz informed MTI.

Internet news portal Index.hu reported on Tuesday evening that Emfesz which has recently been acquired by Switzerland-registered Rosgas, has not yet concluded long-term supply contracts and could exhaust its supply of gas in July.

Emfesz spokesman Igor Gallyas told MTI that the company's current gas purchase contract expires on June 30, though this is normal as spot market contracts are concluded for a period of one month. (MTI – Econews)