MOL Gas Storage Project, Hungary

MOL Gas Storage Project, Hungary
The EBRD is providing a €200 million unsecured corporate loan for the completion and conversion of a Szőreg-1 reservoir in the depleting Algyő oil field, Hungary into underground gas storage facility (“UGS”). The facility is ca 80% complete and will have 1.9bcm mobile and 25mcm/day peak capacity and is planned to be used for both strategic and commercial purposes after planned commencement of operations in January 2010 (strategic) and in March 2010 (commercial).


MOL Gas Storage Project, Hungary