OREANDA-NEWS. The Gazprom Headquarters has hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Zsolt Hernadi, Chairman – Chief Executive Officer of Hungarian oil and gas company MOL.

The parties addressed issues surrounding Russian gas supply to Hungary during the current winter season and the progress with the preparation by SEPCO (a joint venture between Gazprom and MOL) of a feasibility study within the project aiming to create the South European Gas Pipeline and an underground gas storage system on the Hungarian territory.

The parties highly appreciated the work done by SEPCO and underscored that, as previously agreed, the feasibility study was planned to be completed by July 2007.

Russia supplies about 80 per cent of Hungary’s total natural gas imports. Over 2006 Gazprom provided Hungary with 8.7 billion cubic meters of gas.