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Hungary plans to resume reverse gas supplies to Ukraine from January 1, 2015

December 29, 2014, 19:35 UTC+3 BUDAPEST
In late September 2014, FGSZ Ltd. suspended gas supplies to Ukraine for an indefinite period of time
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© EPA/SERGEI KOZLOV

BUDAPEST, December 29. /TASS/. Hungary will resume reverse-mode gas supplies to Ukraine from January 1, 2015, Hungary’s gas transport system operator FGSZ Ltd. said on Monday.

“We are ready to begin supplies of natural gas to Ukraine from January 1, 2015,” the company said in a release.

In late September 2014, FGSZ Ltd. suspended gas supplies to Ukraine for an indefinite period of time. The decision was made to meet the growing domestic demand for gas, the company said. Back then, Ukraine’s Naftogaz said it was an “unexpected” step.

In March 2013, Ukraine and Hungary agreed on gas supplies to Ukraine in the amount of five to six billion cubic meters a year. It was also stated that the system could operate intermittently, depending on current commercial and technical conditions.

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