MOL MAGYAR OLAJ- ÉS GÁZIPARI NYILVÁNOSAN MUKÖDO RÉSZVÉNYTÁRSASÁG

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Hungary says Russian gas flows from Serbia halted due to pipeline maintenance

06/24/2022 | 04:05am EDT

BUDAPEST, June 24 (Reuters) - Russian gas flows to Hungary from Serbia have been halted between June 21 and 28 due to planned maintenance on the Turkish Stream pipeline, Hungarian gas pipeline network operator FGSZ said in an emailed reply to Reuters on Friday.

FGSZ said its Serbian partner Gastrans informed the company that "due to planned maintenance the capacities of the Serbian-Hungarian interconnector will be limited between June 21 and 28 and in this period gas cannot be shipped to Hungary from the direction of Serbia."

FGSZ said the decision about the maintenance on certain sections of Turkish Stream was made in December 2021.

(Reporting by Krisztina Than; Editing by Edmund Blair)


© Reuters 2022
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Sales 2022 8 917 B 23 335 M 23 335 M
Net income 2022 767 B 2 006 M 2 006 M
Net Debt 2022 634 B 1 660 M 1 660 M
P/E ratio 2022 3,07x
Yield 2022 8,86%
Capitalization 1 847 B 4 834 M 4 834 M
EV / Sales 2022 0,28x
EV / Sales 2023 0,26x
Nbr of Employees 24 154
Free-Float 31,8%
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 2 954,00 HUF
Average target price 3 395,21 HUF
Spread / Average Target 14,9%
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József Molnár Group CEO & Non-Independent Director
Zsolt Hernádi Director
József Farkas Simola Deputy Chief Financial Officer
Zoltán Sandor Áldott Chairman-Supervisory Board
Péter Ratatics Chief Operating Officer