Gazprom’s Headquarters has hosted today a working meeting between Alexey Miller, Chairman of Gazprom’s Management Committee and Zsolt Hernadi, Chairman – Chief Executive Officer of the Hungarian oil & gas company MOL.

The parties addressed matters of cooperation in the oil & gas sector, placing a focus on Russian natural gas deliveries to and transit across Hungary.

The parties also looked into the joint implementation of projects aimed at developing gas transmission capacities and a network of underground gas storage facilities in Hungary.

The parties agreed that deeper long-term partnership ties between the companies were extremely important for securing uninterrupted and increased gas supply to Hungary and transit to European countries.

Reference:

With first deliveries launched in 1975, some 165.4 bcm of Russian natural gas has been piped to Hungary over a 30-year period.

Russia supplies about 80 per cent of Hungary’s total natural gas imports. Over 2005 Gazprom provided Hungary with 9 bcm of gas.

Founded in 1991 on the platform of the Hungarian Oil and Gas Trust (OKGT), MOL is engaged in exploration, extraction, transmission, storage, distribution and marketing of oil and gas as well as operation of a 5.2-thousand-km-long gas pipeline network. The company controls more than 440 filling stations in Hungary, Slovakia and Romania.