Hungary prepared for winter, energy supplies secure

Hungary is prepared for the winter period and its energy supplies are secure, a government official said on Thursday.

Noting Hungary’s long-term gas purchase agreement with Russia, Tamás Menczer, state secretary for bilateral relations at the ministry of foreign affairs and trade, said the TurkStream pipeline delivers gas to Hungary from the south through Turkey, Bulgaria and Serbia; the only gas pipeline that operates at 100 percent capacity.

Hungary’s energy supplies, he said, are secure and its gas storage facilities are 46 percent full, as against the European average of 26 percent. The gas stored is enough for uninterrupted consumption over 93 days, he added at the opening of a new plant by semiconductor manufacturer Infineon Technologies built with HUF 6.4 billion (EUR 15,1m) of government support.

The 31.9 billion forint investment by Infineon Technologies in Cegléd, in central Hungary, has created 275 jobs, he said.

German-Hungarian economic cooperation is a success story, with 6,000 German companies employing some 300,000 Hungarians, he added.

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Source: MTI