Mol To Build Import Pipeline

摘要

MOL Foldgazszallito, the gas transmission subsidiary of Hungary's MOL, will complete a new, Forint 69 billion ($381 million) pipeline to increase import capacity on the Hungarian-Ukrainian border before the end of 2008, CEO Gyorgy Mosonyi said February 15.rnThe pipeline, with capacity of 30 million cubic meters per day (10.1 billion cu m/year), will be operational inrn2009. In the first year, the pipeline will be needed to supply needed extra import capacity to fill Hungary's new strategic gas storage site at the Szoreg-1 field by the legally mandated deadline of January 1, 2010.rn"This will also help foster competition, because the import capacity will be bigger than what is tied down in contracts now," said Mosonyi. "There will be free capacity on the market."