Hungary moves to restrict gas supplies to Ukraine

Source: Reuters (via feed)




Hungary has banned its gas transmission system operator from holding auctions for gas shipments to Ukraine in the third quarter. This decision is part of Hungary’s move to wind down supplies to Ukraine during a dispute over oil flows. The ban affects the shipment auctions scheduled for this time period.

The announcement comes as Hungary restricts its energy transmission related to Ukraine. No additional details on the duration or further actions were provided.

BizTrendWire Insight:

The ban on gas transmission auctions for Ukraine reflects Hungary’s current adjustments in energy shipment operations amid an ongoing dispute.


Read full story on Reuters

More From Author

Citi’s co-head of Asia investment banking Metzger departs, Bloomberg News reports

Leave a Reply

Your email address will not be published. Required fields are marked *