Russian gas giant Gazprom PJSC has started providing Hungary with additional volumes requested by Prime Minister Viktor Orban’s government to address winter energy supply concerns, according to a Foreign Ministry official in Budapest.
Effective Friday, Gazprom stepped up flows to Hungary by 2.6 million cubic meters a day for the rest of August using the TurkStream pipeline running through the Balkans, Foreign Ministry State Secretary Tamas Menczer said in a Facebook post on Saturday. Talks continue about additional volumes for September, he said.
Hungary is seeking to procure 700 million cubic meters of additional natural gas above the volumes set out in the country’s multi-year contract with Gazprom, to bolster its fuel reserves.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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