Hungary signs agreement for gas interconnection with Croatia.

By bne IntelliNews July 23, 2010
Hungary and Croatia signed an agreement on the construction of a new gas pipeline, connecting the networks of the two countries, the national development ministry announced. The Hungarian side of the project will be managed by oil and gas firm MOL's unit FGSZ, while its Croatian partner will be gas supplier Plinacro. The pipeline will be put into operation in the beginning of 2011 and it will be able to carry reverse flows after completion of the Croatian liquid gas terminal at the island of Krk. The Hungarian section of the pipeline will be 210km long, 100km of which have already been completed as a result of an earlier agreement between FGSZ and Plinacro. The pipeline section on the Croatian territory will be 88km long. The total estimated cost for the construction of the Hungarian section amounted to HUF 80bn (EUR 281.2mn). The capacity of the facility is estimated at 6.5bn c.m. of gas annually.

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