Hungary and Ukraine’s gas transmission operators have agreed to extend a pilot period for offering firm gas supply capacities to Ukraine until the end of September, Hungarian system operator FGSZ Foldgazszallito, said on Monday.
FGSZ reached agreement with Ukraine’s gas transmission operator OGTSU last month on offering firm capacity in the direction of Ukraine for the first quarter of 2022. Under Monday’s deal, Ukraine will have access to the 3,532,015 kWh/h firm capacities until Sept. 30, the end of the 2021/22 gas year.
The extension of the pilot period will give gas traders on the Austrian, Slovak, Croatian and Hungarian markets access to the Ukrainian market under more favourable terms,
FGSZ said, adding that Ukraine would be able to import more gas from Hungary after the expiry of the period.
FGSZ said it was working with OGTSU to make firm capacities available to Ukraine in the longer term.
As we wrote yesterday, Hungary opposes any measures that may exacerbate the situation in Ukraine while supporting efforts aimed at resolving the conflict through negotiations, the foreign minister said in Brussels, read more HERE.