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Index – Economy – There is gas in Hungary, but we should be happy with it now

Index – Economy – There is gas in Hungary, but we should be happy with it now

Thanks to continuous stockpiling since April, Hungary reached this level for the first time in the summer, they wrote.

According to European Union forecasts, member states with underground storage facilities were supposed to reach 90% of their capacity by the beginning of November.

They added that the Hungarian index was already higher by the end of August, finally peaking at more than 98 percent at the start of the heating season two months ago. With the arrival of winter weather, the assembly process continues for several weeks.

For the second time this year, Hungary’s occupancy rate reached 90 percent, somewhat higher than the EU average.

Hungary is even better in terms of consumption data, as the Hungarian consumption rate is 60 percent, more than double the European average, and is the third best rate among member states.

He explained that the amount of available stock is one and a half times higher than residential gas consumption for the entire year in 2021. It was emphasized that proper preparation for the winter works to provide a safe supply to local consumers in a reassuring way.

In addition to the stored reserve, needs can also be covered by domestic production and continuous delivery of imports, MTI reports.

In other words, the approximately 6 billion cubic meters of remaining natural gas reserves ensure that “Hungarian families can keep their homes warm even in the face of extreme negatives,” adding that they can do so cheaply compared to the world, as they are currently paying for it. . Lowest gas and electricity prices in Europe thanks to overhead protection.

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(Cover Photo: Location of Hajdúszoboszló in Magyar Földgáztáróló Zrt on January 8, 2020. (Photo: Zsolt Czeglidi/MTI)