Energy markets weekly: Brent,...

During the fourth week of August, Brent oil futures for the Front Month...

Europe: Electricity prices show...

During the fourth week of August, electricity prices in major European markets showed...

European electricity demand trends:...

During the last week of August, electricity demand rose in most major European...

European solar and wind...

During the week of August 25, solar photovoltaic (PV) energy production declined across...
Supported byClarion Energy
HomeSEE Energy NewsRegion, Romania-Hungary cross-border...

Region, Romania-Hungary cross-border gas capacity to increase by 50 %

Gas transmission capacity in the direction of Hungary at the Csanadpalota interconnection point on the Romanian-Hungarian border will be increased by almost 50 % as of 1 October.

The current capacity in the direction of Hungary is 50.3 GWh/day, but it will be increased to 73.4 GWh/day as of 1 October, following the amendments to the agreement signed between the two natural gas transmission system operators FGSZ and Transgaz.

Interest in capacity at the point has been extremely strong since the start of July, with flows towards Hungary averaging near full capacity at 48.9 GWh/day in the last month and a half. Last month’s capacity auctions for August were so competitive and went on for so long that they were eventually cancelled, and new rules were put in place for this month’s auctions for September capacity, which incorporated much larger price steps. Even so, these auctions are currently still ongoing on the RBP platform after several days.

There have been much stronger flows into Romania from Bulgaria since the start of July, which averaged 91 GWh/day between 1 July and mid-August, compared to 53 GWh/day in June. Some Romanian companies are known to be importing LNG from Greece, which is then either sent physically or backhauled at the Kulata- Sidirokastro point to Bulgaria, where it then delivers to Romania at Negru Voda.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Energy markets weekly: Brent, TTF gas and CO2 prices show moderate fluctuations in late August

During the fourth week of August, Brent oil futures for the Front Month on the ICE market reached a weekly high settlement price of $68.80/bbl on Monday, August 25. Prices then fell 2.3% on Tuesday, August 26, hitting a...

Europe: Electricity prices show mixed trends in late August, forecasts point to September declines

During the fourth week of August, electricity prices in major European markets showed mixed trends compared to the previous week. The Nord Pool market in the Nordic countries recorded the largest weekly average increase at 58%. Italy’s IPEX market...

European electricity demand trends: August growth in most markets, UK declines

During the last week of August, electricity demand rose in most major European markets compared to the previous week. Italy saw the largest increase at 6.3%, followed by France at 3.2% and Germany at 2.1%. Spain recorded the smallest...
Supported byVirtu Energy
error: Content is protected !!