31 C
Supported byspot_img

MOL: Croatian regulations could impact INA revenue

Member of Europium Groupspot_img
Supported byspot_img

The Croatian government’s recent regulations could affect the revenues of INA, the local peer of Hungarian oil and gas company MOL, which is also part owner of INA, the Hungarian company said late yesterday, according to Hungarian news agency MTI.

Croatia decided to lower the regulated price of gas to HRK 1.27 per m3 from April 1, which obliges INA to sell gas to energy service provider HEP for 20% less, MTI reported.

According to MOL, the government’s decision could have a negative impact on INA’s revenues of around HRK 160 million in the next 12 months, MTI reported.

Supported by

Source: BBJ

Supported byElevatePR Digital

Related News

CATL explores $1.5 billion fund to boost global battery supply chain

China's Contemporary Amperex Technology (CATL), the world's largest electric vehicle battery manufacturer, is in discussions with overseas sovereign wealth funds and private offices of...

Securing Europe’s critical raw materials: Addressing funding challenges for sustainable extraction

Bernd Schäfer, CEO of EIT Raw Materials, advocates for substantial investment in Europe's mining sector following the implementation of the Critical Raw Materials Act...

Strengthening global sustainability: The SCMA and critical minerals for climate goals

Canada's Minister of Energy and Natural Resources, Jonathan Wilkinson, together with Sweden's Minister for Energy, Business and Industry, Ebba Busch, announced Sweden's accession to...

Nickel mining and the green energy challenge: Balancing supply with environmental responsibility

Nickel is poised as a critical element in the global shift towards green energy, yet its extraction poses significant environmental challenges, recently highlighted by...
Supported by
Supported by
Supported by
error: Content is protected !!