The Hungarian government is fast-tracking the research and development of a “non-traditional” gas field near Nyékpuszta, in south-east Hungary, so that the first pump may start working in early 2023. Project Corvinus, which was declared a priority project, was launched to research and exploit the natural gas and light oil field, in line with the government’s initiative to curb the fallout of the energy crisis — a consequence of the war in Ukraine and “the botched Brussels sanction policy”. The conglomerate led by Hungarian energy provider MVM will exploit the gas field as part of the five-year project to more fully contribute to covering domestic demand. The investment will employ local companies and create jobs in the region.
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