Do More With Reuters
Partner Services

UPDATE 1-Hungary says Russian gas supplies via Ukraine stopped

Tue Jan 6, 2009 10:06pm IST
 
Email | Print | | Single Page
[-] Text [+]

(Adds details, comment, background)

BUDAPEST, Jan 6 (Reuters) - Russian gas shipments via Ukraine to Hungary halted on Tuesday and the Hungarian government said it would ask some power plants to switch to alternative fuel by 1000 GMT on Wednesday.

"I would like to inform you that gas shipments from Ukraine continuously declined today and at 1430 GMT they completely stopped," Transport and Energy Minister Csaba Molnar told a news conference.

The government would consider freeing up strategic gas reserves and make a decision on Wednesday morning if necessary, he said..

"There is an increasing likelihood ... that tomorrow we may have a situation, depending on news overnight ... that we will have to impose restrictions in the first category, that of large (gas) users," the minister added.

Molnar said Hungary would notify Serbia and Bosnia that it was unable to provide transit gas shipments as Russian gas imports via Ukraine had stopped.

Molnar said Hungary would write a letter to Ukraine, Russia, and the EU presidency the Czech Republic saying a dispute over gas between two countries must not be allowed to pose a threat to the gas supply of other European countries.

Hungary's gas imports via a pipeline from Austria, which has a capacity of 6-7 million cubic metres a day, have also dropped to around 3 million cubic metres.

Hungary's daily gas consumption was estimated at 68 million cubic metres on Tuesday, and it would be about the same on Wednesday, the Chief Executive of MOL's MOLB.BU gas transmission arm, Foldgazszallito Zrt, said.  Continued...

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India during the Reuters India Investment Summit in Mumbai and Bangalore.  Full Coverage | Blog 

Hugh Hefner
PLAYBOY SALE
An icon bows to changing times

With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech.  Full Article 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SPECIAL REPORT

Himangshu Watts
India's food dilemma

Indian farms are failing to attract capital or talent, either from rich landlords or the students who graduate from agricultural universities.  Full Article | Related Story 

showcase

U.S. Recession
U.S. Recession

A trip through the epicenters of the American recession.  Full Coverage 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
T P Raman
Column - RBI leads the world

Reserve Bank of India's approach ring-fenced the banking system.   Full Article 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Not Enough Jobs
Not Enough Jobs

Venture capital creates jobs, but not enough.  Full Article 

 
Column - A Sweet Dream
Column - A Sweet Dream

There are good reasons for Ferrero to consider a combination with Cadbury.  Full Article