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

The parties addressed the progress with the joint construction of UGS facilities in Hungary as well as the outlook for cooperation in the gas sector with regard of the intergovernmental agreements signed in relation to the South Stream project and the growing role of Hungary as a major gas transmission hub in Europe.

Reference:

Russia supplies about 80 per cent of Hungary’s total natural gas imports. Over 2007 Gazprom provided Hungary with circa 7.5 bcm of gas.

MOL is engaged in exploration, production, transportation and marketing of oil and gas as well as operation of a 5.2 thousand-km-long network of gas trunklines.

The company is also owner of more than 440 filling stations in Hungary, Slovakia and Romania.