Ukraine's Oil and Gas Giant to Build Storage Sites in Hungary Amid Fears of Russian Winter Strikes
The memorandum aims to shield Ukrainian fuel supplies from Russian attacks and improve cross-border energy reliability, officials said.
- On Sunday, September 20, 2026, Naftogaz Group and MOL signed a memorandum to construct petroleum storage facilities in Hungary near the Ukrainian border, aiming to secure national fuel supplies.
- Persistent Russian strikes on domestic energy infrastructure have made diversifying supply routes essential, prompting Naftogaz Acting Chairman of the Board Serhiy Fedorenko to call storage outside the bombardment zone a matter of stability.
- This project aims to improve long-term supply reliability for Ukrainian consumers while maintaining reserves near the market yet beyond reach of domestic attack zones, fostering cross-border energy infrastructure.
- Although the memorandum marks the beginning of the initiative, companies have not yet confirmed an opening date, investment figures, or logistics for transporting fuel to and from the planned site.
- Finalized at the Carpathian Economic Forum during the inaugural Carpathian Eight summit, the agreement brings together Poland, Slovakia, and the Czech Republic to advance regional energy security and cross-border cooperation.
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Hungary Plans ‘Safe Haven’ for Ukrainian Fuel as Naftogaz, MOL Sign Storage Deal
Ukraine’s Naftogaz and Hungary’s MOL have signed a memorandum to develop fuel-storage facilities near the Ukrainian border, creating a potential reserve beyond the reach of Russian attacks. Part of the new Carpathian Eight format, the deal is one of the clearest signs yet of Budapest’s shift towards Kyiv, even as Hungary remains heavily dependent on Russian oil and gas.
Ukraine wants to protect itself against fuel shortages. A controversial UN envoy makes a controversial demand. All developments in the newsblog.
Ukraine's oil and gas giant to build storage sites in Hungary amid fears of Russian winter strikes
"Amid ongoing Russian attacks on our fuel infrastructure, diversifying supply routes and creating additional storage capacity outside the areas facing attacks is a matter of stability for the entire market," Naftogaz's acting head Serhii Fedorenko said.
Ukraine could store fuel in Hungary as MOL and Naftogaz strike deal amid Russian attacks
Ukraine could soon have additional fuel storage facilities on Hungarian territory under a new agreement between MOL and state-owned energy company Naftogaz. The two groups have signed a memorandum to develop storage capacity near their shared border, as repeated Russian strikes put Ukraine’s domestic fuel infrastructure at risk. Continue reading: https://dailynewshungary.com/mol-naftogaz-ukraine-fuel-storage-hungary/
Kiev and Budapest signed an agreement within the framework of the Carpathian G-8 summit.
Naftohaz and the Hungarian energy concern Mol have signed a memorandum on the construction of facilities for storing petroleum products in Hungary, near the Ukrainian-Hungarian border, the Ukrainian gas and oil company announced on its Telegram page on Sunday.
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