The European Bank for Reconstruction and Development declared that it will lend $277 million to Hungarian energy company MOL Nyrt. for the construction of a gas storage facility that would help the country bridge future interruptions of supply from Russia. Riccardo Puliti, director of the EBRD’s energy group, stated: This project will boost Hungary’s energy [...]
The Heads of Government of Russia and Hungary, Vladimir Putin and Ferenc Gyurcsany, intend to hold the second round of bilateral intergovernmental consultations to discuss energy cooperation and natural gas issues, here on Tuesday. Russian government analysts, stated: The recent crisis over the transit of Russian gas, exceptional responsibility for which rests with Ukraine, reaffirmed [...]
Hungary’s government will not increase natural gas prices on April 1. For more information, click here
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