In Hungary, only FGSZ Földgázszállító Zrt. (FGSZ) has a licence for natural gas transmission and system operation. Both activities are carried out under market conditions regulated by law. The company possesses and operates the high-pressure natural gas system covering the entire territory of Hungary. Aside from domestic natural gas transmission, FGSZ is also engaged in transit activities to Serbia, Bosnia-Herzegovina and export to Romania and Croatia. In international comparison, the company’s pipeline network represents the highest technological standards. FGSZ ranks among the region’s companies of strategic importance. Its dynamism and efficiency make the company one of the most significant natural gas suppliers in Europe.
At the end of 2009, MOL became an active participant in the gas storage business again, via MMBF Ltd. (72.5% MOL subsidiary), which finished its first year of successful operation in 2010 with 1.2 bcm strategic and 0.7 bcm commercial mobile capacity. The execution of this project supports the Hungarian security of supply as well.

Competitive advantage

Good geographical position: Due to its geographical location, FGSZ also has a key role in terms of regional transit transmission.

High quality standards: The company implemented a certified quality assurance system in accordance with the ISO 9001 standard in 1997. The certification was issued by SGS (SGS Hungary Kft. in Hungary) which is a highly acclaimed certification company in the oil and gas industry. The operation of the quality assurance system is reviewed semi-annually by SGS Hungary Kft. and annually by the Hungarian Office for Mining and Geology.

Stable cash flow: The operation of FGSZ’s high-pressure natural gas transmission grid of approximately 5,800 km – covering the entire territory of Hungary – and the discrimination-free sale of its capacity and supplementary services provide a stable cash-flow for the group.

“Best Employer”: FGSZ Zrt. also has considerable merits as an employer. In 2009 the company achieved first place in its category in the Best Employer Survey conducted by Világgazdaság-Hewitt and also won the first place in the industry competition. The company was also selected as the best workplace in the country and was also ranked among the best workplaces in the regional survey of The Best Employer of Central-Eastern Europe.