Budapest energy storage power station planning

Where are Hungary's strategic gas reserves located?

Hungary also holds strategic gas reserves at an underground storage facility owned by the Hungarian oil and gas stockholding agency. In September 2021, the level of strategic stocks held was 1.45 billion cubic metres (bcm), around 13% of annual consumption in 2020.

Does Hungary have a nuclear power plant?

Hungary has focused on maintaining its nuclear generation capacity. Between 2012 and 2017, all four units of the Paks Nuclear Power Plant (NPP) were granted 20-year lifetime extension licences, on top of the 30-year original design lifetime, bringing their scheduled closure dates to 2032-37.

Does Hungary have a solid oil stockholding system?

On the whole, Hungary has a solid oil stockholding system exemplified by a competent national stockholding agency that is legally obligated to hold oil stocks within the Hungarian territory at a level equivalent to at least 90 days of net imports.

Is Hungary compliant with the IEA's minimum oil stockholding obligation?

Hungary has been consistently compliant with its IEA’s minimum oil stockholding obligation, with total oil stocks covering well beyond the 90-day net import level. As of June 2022, total oil stocks in Hungary equated to 199 days of net imports, 84 days of which is publicly held emergency stocks.