Hungary's Gas Transit Via Ukraine Comes To Halt

Hungarys Gas Transit Via Ukraine Comes To Halt
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Τρι, 6 Ιανουαρίου 2009 - 19:25
Hungary's natural gas imports from Russia through Ukraine came to a complete stop Tuesday afternoon, Csaba Molnar, minister in charge of energy issues said Tuesday.

Hungary's natural gas imports from Russia through Ukraine came to a complete stop Tuesday afternoon, Csaba Molnar, minister in charge of energy issues said Tuesday.

As a result Hungary can't fulfill its gas transit obligations to Serbia and Bosnia, Molnar said at a press briefing.

The ministry also called on local power plants to switch to using alternative energy sources, thus shaving between 6 million-8 million cubic meters from Hungary's daily gas consumption of around 68 mcm.

The minister said it was likely restrictions on gas usage will have to be put in place if the current situation persists and a decision on this issue will likely be made Tuesday night.

Russian energy giant OAO Gazprom (GAZP.RS) cut gas deliveries through Ukraine, severely disrupting supplies to Europe.

Hungary is currently taking 52 mcm of gas from storage, the daily maximum, said Janos Zsuga, chief executive officer of Foldgazszallito Zrt., the gas transit and system operator.

No decision has been reached yet whether to free up Hungary's strategic gas reserves, Molnar said.

Zsuga said Hungary had enough gas in its storage facilities to secure supply for "several weeks."

"The supply of retail customers is in no danger" even in the light of an expected cold spell over the weekend, Zsuga said.

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