MVM, Gazprom Export To Discuss Increased Gas Deliveries

Budapest, July 9 (MTI) – Officials of the state-owned energy company MVM and Russia’s Gazprom Export are meeting this week to discuss further deliveries of gas, business daily Vilaggazdasag said today.

The Russian seller is seeking a guarantee that gas deliveries for boosting Hungary’s energy security will not turn up on international markets, the paper said.

The talks are taking place after a meeting in Vienna week ago between National Development Minister Miklos Sesztak and his Russian counterpart Aleksandr Novak, the paper said.

MVM is providing a 100 billion forint loan to its gas trade unit Magyar Foldgazkereskedo to cover the cost of the extra gas, according to recent press reports.

It is not known whether the money is being used exclusively to buy the gas or to pay for delivery and storage as well — which could account for one quarter of the transaction, the paper said.

Photo: energiainfo.hu

Source: http://mtva.hu/hu/hungary-matters