Naftogaz, MOL Partner to Build Fuel Storage Near Hungarian Border
The memorandum could expand reserve capacity for Ukrainian consumers as Russian attacks pressure fuel infrastructure, and no construction timeline or storage volume has been set.
- On Sunday, Sept 20, Naftogaz Acting Chairman Serhiy Fedorenko and Hungarian energy group MOL signed a memorandum to construct refined petroleum storage facilities in Hungary near the Ukrainian-Hungarian border.
- Persistent Russian strikes on domestic fuel infrastructure prompted the agreement, as Fedorenko stated that creating strategic reserves outside the bombardment zone is vital for market stability.
- The memorandum was finalized at the Carpathian Economic Forum during the inaugural Carpathian Eight summit, which unites Ukraine, Hungary, Poland, Slovakia, Romania, the Czech Republic, Austria, and Serbia.
- While the project aims to improve supply reliability for The Ukrainian market, companies have not yet announced a confirmed opening date, investment figure, or precise facility location.
- Prime Minister Serhiy Koretskyi emphasizes this initiative supports a broader strategy to reinforce national energy resilience ahead of the winter season through decentralization of critical energy networks.
24 Articles
24 Articles
Ukraine could store fuel in Hungary as MOL and Naftogaz strike deal amid Russian attacks
Ukraine could soon have additional fuel storage facilities on Hungarian territory under a new agreement between MOL and state-owned energy company Naftogaz. The two groups have signed a memorandum to develop storage capacity near their shared border, as repeated Russian strikes put Ukraine’s domestic fuel infrastructure at risk. Continue reading: https://dailynewshungary.com/mol-naftogaz-ukraine-fuel-storage-hungary/
Naftohaz and the Hungarian energy concern Mol have signed a memorandum on the construction of facilities for storing petroleum products in Hungary, near the Ukrainian-Hungarian border, the Ukrainian gas and oil company announced on its Telegram page on Sunday.
The memorandum containing the agreement was signed at the Carpathian Eight meeting.
Naftogaz and MOL to build fuel storage facilities for Ukraine in Hungary Naftogaz and Hungarian MOL have agreed to build <p>oil storage facilities near the border with Ukraine. Capacity will be provided by the Ukrainian market.</p>
The Ukrainian company Naftogaz Ukraine and the Hungarian oil and gas company MOL signed a memorandum on the construction of petroleum storage facilities in Hungary, which was reported to the company's TC today, 20 September.
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