Mol's gas TSO buys out MGT

The Hungarian government decided on the sale of MGT in a decree on 25 June. FGSZ, a member of the Mol group, signed the purchase agreement three days later.

Under the terms of the deal, FGSZ paid HUF 38 billion for the gas pipeline connecting Hungary and Slovakia, including repayment of MGT's debts. The last step of the transaction was completed on 10 October, putting HUF 19.65 bn in the government's coffers.

FGSZ took over operation of the 92-km interconnector between Hungary and Slovakia on 4 Octoberm becoming the sole operator of Hungary's nearly 6,000-km high-pressure gas transmission system.