FGSZ Ltd. and Geoplin concluded a Memorandum of Understanding for the preparation of a study in order to establish an interconnection between the Hungarian and Slovenian transmission systems.
FGSZ Natural Gas Transmission Closed Company Limited by Shares, as the owner and operator of the Hungarian high pressure natural gas pipeline system, and Geoplin plinovodi d.o.o., as the owner and operator of the Slovenian Transmission System, concluded a Memorandum of Understanding within the framework of the Hungarian - Slovenian Business Forum on July 01st 2009, in Budapest (Hungary) for the completion of a study in order to establish an interconnection pipeline between the two transmission systems.
The Memorandum of Understanding is a significant milestone in the bilateral relationship of FGSZ and Geoplin, which can make natural gas transmission possible between the two countries in the foreseeable future.
The cooperation – as well as our NETS initiative - is driven by the same motives, i.e. calling for regional cooperation of TSOs and increased security of supply in South and Central Eastern Europe. The NETS project is aimed at improving the security of gas supply in Central and South-East Europe to the benefit of all concerned and on the basis of a partnership of equals.