Posted by on 22 Oct 2010. Filed under Business, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Calls for interest in Slovak-Hungarian gas connection

New life has been breathed into the project concerning a natural gas connection between the gas transmission systems of Slovakia and Hungary. The initiative for the project came out of last year’s gas crisis, when Russia stopped the flow of gas through Ukraine, leaving several countries stranded without stocks of gas, including Slovakia.

The project ran up against a hiccup during the first binding phase of the so-called Open Season, which is the binding expression of interest in capacity from future users of the pipeline. At that time Slovak gas transit company Eustream deemed the interest as sufficient, but its Hungarian partner FGSZ did not.

Now the two companies have relaunched a new Open Season process, which will run from 15 October until 8 December. the results will decide whether the two countries will go ahead with the project, which would boost the security of supplies in Europe. The results should be known before the end of December.

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