E.ON Földgáz Trade, the Hungarian unit of E.ON Ruhrgas International, will sell 1.075 billion cubic meters of gas in an auction on March 4.
E.ON Földgáz Trade, the Hungarian unit of E.ON Ruhrgas International, will sell 1.075 billion cubic meters of gas in an auction on March 4 pursuant to an agreement with the European Commission, E.ON Hungária Director of Media Relations and PR István Kutas told MTI on January 24.
Mr Kutas said that 21 gas-trading companies had registered to participate in the auction.
Mr Kutas noted that the company had sold 1.1 billion cubic meters of gas at a similar auction held on March 6, 2009 at a starting price of 99.3 pct of the company's average purchase price.
E.ON did not reveal the hammer prices at last year's auction.
Just as in 2009, the auction contracts will be for two years starting July 1.
The auction winners will receive 26 pct of the gas at the Austrian-Hungarian border and 74 pct of the gas of Ukrainian-Hungarian border.
