Pipelines, Storage & Power

Hungarian storage will become more valuable – Fritsch

Hungary’s gas storage sites are underused, but a recovery in the market could see utilisation rates rise, says the CEO of Hungarian Gas Storage Ltd Hungary’s gas storage sites are underused, but a recovery in the market could see utilisation rates rise, says the CEO of Hungarian Gas Storage Ltd.
By Dariusz Kalan 20 November 2017 0 28447
László Fritsch takes the podium at a recent conference. (Budapest LNG Summit)

László Fritsch, the chief executive and chairman of the board of Hungarian Gas Storage Ltd., talked to Interfax Natural Gas Daily about the prospects for storage in Central Europe.

Interfax Natural Gas Daily: Hungary has four commercial underground gas storage (UGS) facilities with a combined capacity of 4.4 billion cubic metres – the largest in Central Europe. Was their construction a reaction to the 2009 Russia-Ukraine crisis?

László Fritsch: No, most of the storage was built during the communist era. The youngest is around 20...