Supported byClarion Energy
HomeGasHungary exceeds gas...

Hungary exceeds gas storage targets, ensuring energy security for winter

Hungary’s gas storage facilities are currently holding 6 billion cubic meters of gas, exceeding the country’s target level of 90% capacity, according to the Hungarian Ministry of Energy. This volume is double the amount of gas used by Hungarian households in the previous year.

As part of European Union requirements, Hungary was mandated to fill its gas reserves to 90% capacity by November 1, a goal the country achieved ahead of schedule in early autumn. In addition to this, Hungary has successfully reduced its gas consumption by 20% for two consecutive years, compared to the average consumption levels of the previous five years.

With this achievement, Hungary is well-positioned to meet its energy needs, with annual gas consumption in 2024 expected to stay below 8 billion cubic meters, ensuring greater energy security heading into the winter months.

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Hungary tenders 702 MVA grid capacity for new wind projects

Hungary has launched a tender for 702 MVA of grid connection capacity reserved for new wind projects. The allocation is intended to reopen access to grid capacity after a period in which wind development remained largely frozen while solar...

Hungary tenders 702 MVA grid capacity for new wind farm connections

Hungary has released 702 MVA of grid capacity for new wind projects and opened a tender for wind farm grid connections. The offering provides developers with 702 MVA of combined network capacity as the country seeks to restart wind...

Hungary’s higher gas use and imports strengthen its power price premium

Hungary remained one of Southeast Europe’s most expensive electricity markets in Week 34, as a sharp increase in thermal generation coincided with a substantial rise in net electricity imports. The combination points to supply-side economics, rather than stronger demand,...
Supported byVirtu Energy