MVM Group is the second largest company group in Hungary, which, as a competitive holding, is a significant participant operating in the domestic energy sector. As one of the largest employers in the country, MVM Group provides jobs to over 12000 people at the group level. Through its member companies, the highly diversified activities of the MVM Group cover the entire domestic energy system. It generates electricity, also trades in electricity and natural gas, stores natural gas, performs the responsibilities of the transmission system operator, provides telecommunications services and participates in the electricity markets of the region as an investor and project owner. MVM Group continues to be present in the markets of Austria, Belgium, Bulgaria, the Czech Republic, France, Croatia, Poland, Macedonia, Germany, Romania, Switzerland, Serbia, Slovakia, Slovenia, the Netherlands, Sweden, Finland, Jordan and Russia.
As a part of MVM Group, Hungarian Gas Storage Ltd operates, maintains and continuously develops four underground gas storage facilities, with a total gas storage capacity of 4.43 billion m3 and a total daily withdrawal capacity of 53.6 million m3. On any colder winter day, most of the country’s gas supply comes from these facilities. Hungarian Gas Storage is also planning to store hydrogen blended natural gas in the near future.
Activities in value chain
Member Id: 1525
This member datasheet was last updated on : 19.02.2020Modify this member datasheet