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Hungary's MVM Defers Winter Gas Payments to Gazprom

NATURAL GAS

Hungary’s MVM has reached an agreement with Gazprom to defer payments for winter gas supply.

  • "To mitigate the impact of the increase in market prices, MVM Group and Gazprom have agreed in deferred payments for the forthcoming winter period," MVM said in a statement.
  • "The temporary inclusion of the deferred payment option in the contract increases MVM Group's room for manoeuvre in financing and its liquidity position," it said.

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