EC excludes Magyar Gáz Tranzit as interconnector operator
The European Commission has excluded a state-owned Hungarian company from operating an interconnector between the gas networks of Hungary and Slovakia, Hungarian daily Népszabadság said on Friday, citing an EC resolution it obtained.
Magyar Gáz Tranzit, a company owned by the state-owned Hungarian Electricity Works (MVM) and the Hungarian Development Bank (MFB), was to have operated the interconnector. According to the document, the Commission said a party completely independent of the ownership of MVM and MFB must operate the interconnector. It recommended that FGSz, a unit of oil and gas company MOL, operate the interconnector. The €160 million interconnector is expected to be completed in 2015.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
