Development potential of the natural gas market in HungaryUploaded: 1 of January, 2004

Pannonpower Rt. is a generation company actively expanding in both the renewable energy and the district heating markets. The aim of this study is to model two elements of a planned 50MW CHP power plant development project (to be commissioned no sooner than 2007): the long term evolution of the price of natural gas and of electricity. We also take expected changes in the Hungarian regulatory environment and the main trends on the product market into account.

The study consists of the following parts:

  • important international factors affecting gas prices,
  • evolution and driving factors of gas prices in Hungary,
  • evolution of natural gas prices in Europe, and
  • generating capacities and prices in the Hungarian electricity market.