Panrusgáz Explained

Panrusgáz Gas Trading Plc.
Panrusgáz Gázkereskedelmi Zrt.
Type:private
Location City:Budapest
Location Country:Hungary
Key People:Alexey Zaytsev (Director-General)
Industry:oil and gas
Products:natural gas
Services:importing and distribution of natural gas
Revenue: US$2.6 billion (2007)
Num Employees:270 (2007)
Parent:Gazprom
Homepage:www.panrusgaz.hu

Panrusgáz is a Hungarian natural gas company responsible for the import of natural gas from Russia mainly Gazprom. The company sold 8.8 billion cubic meter of natural gas in Hungary in 2006. It was placed fourth on the Hungarian business weekly Heti Világgazdaság top-500 list of Hungarian companies by 2008 revenue of HUF 781 billion.[1]

The company is owned by Gazprom Export, E.ON Ruhrgas International AG, and Centrex Hungária Zrt. It was established in 1994 as a joint venture of Gazprom and Hungarian gas company MOL. In January 2006, MOL's shares were acquired by German energy company E.ON.[2]

Notes and References

  1. News: Budapest Business Journal . MOL again leads HVG list of top 500 . 2010-01-07 . 2010-07-22.
  2. News: . Eon macht Übernahme in Ungarn perfekt . Eon makes perfect acquisition in Hungary . German . 2006-01-13 . 2010-07-22.