Our Approach

Electricity, heat and transportation fuels are essential needs in a modern economy and are indispensable to population welfare. However, there is a significant knock-on effect that is associated with supply security. Failure to supply would cause economic and social damage of an order of magnitude greater than the value of fuel products not consumed during such a crisis. We therefore consider supply security to be our primary responsibility.

Recently, supply security issues have shaped public thinking more than ever, because society and the economy today rely much more on transportation and energy than in the past. This dependency becomes apparent when supply sources are tight or there are problems in the transportation route. As a major energy supplier, MOL Group is committed to fully maintaining operating conditions necessary to ensure supply security. MOL Group has made significant investments in the development of its refineries and logistic assets. These developments enable MOL to deliver transportation and heating fuels to its customers within a short period of time after their orders, even in the peak seasons. The company takes special care for the timely supply of public transportation companies and institutions like hospitals, schools etc. Fostering good business relationships with our partners also helps build a supply security culture.

Security of supply has utmost importance in the case of natural gas, where transportation is possible only by pipelines. As a consequence, users of natural gas do not have the freedom to choose from among supply sources and in the majority of cases, they do not have the possibility to use alternative energy , either. An important element of the security of gas supply is the feasible diversification of sources and transportation routes. Given the requisite number of natural gas supply sources, MOL is ready to participate in major international pipeline projects, that will significantly contribute to long-term European gas supplies. By initiation of MOL in December 2007, the New European Transmission System (NETS). The project is currently a joint initiative of regional Transmission System Operators to address challenges in the Central and Eastern European (CEE) region and to provide feasible solutions and recommendations on how to establish a competitive & liquid CEE gas market, ensure regional infrastructure development and attract new gas supply to CEE. The project is foreseen to create a sizable and efficient regional gas market that significantly enhances gas supply security in the participating countries. Moreover, further development and regional extension of the already effective Hungarian underground gas storage system may also enhance security of supply. In 2006 MOL has won the tender to build strategic natural gas storage to house 1.2 billion m³ strategic (the exact quantity of the gas in the strategic storage is defined by the Hungarian Government) and 0.7 billion m³ commercial capacity storage facility in Hungary, which was completed by 2010. The investments of FGSZ Zrt. into the Hungarian-Romanian Interconnector and the Hungarian-Croatian Interconnector indeed increased to a great extent regional gas security of supply.