Hungary seeks LNG from Indonesia

Jun 18, 2007 02:00 AM

The Hungarian government, as part of a wider effort to diversify the country's energy sources away from Russia, has approached Indonesia seeking LNG supply purchases.
Hungarian Economics and Transport Minister Janos Koka made the request of Indonesia's Trade Minister Mari Elka Pangestu, saying supplies from Indonesia could be shipped to an LNG terminal under development by his country and Croatia. Koka said the two sides would "touch on this further in October" during his visit to Indonesia. Meanwhile, Mari said she would discuss the request with Jakarta's ministries.

Hungary's request follows earlier efforts to increase gas supplies ahead of pending liberalization of Hungary's gas market. In May, Hungarian oil and gas company MOL said it was considering expanding capacity along the domestic stretch of the Friendship gas pipeline that carries Russian gas to Europe via Ukraine.
According to a report citing MOL sources, the expansion would increase capacity to 10 bn cm by increasing Russia's gas supply until other supply routes come on line by 2015.

The move is aimed at ensuring sufficient capacity available to new market entrants following liberalization on the gas market in 2008, according to MOL, which earlier announced plans to enter the liberalized gas market in Hungary.
In May, MOL announced plans to team with ExxonMobil to undertake a joint survey of "unconventional" gas resources in Hungary.

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