Hungary

According to the US Energy Information Administration, the joint reservesfor Romanian, Bulgarian, and Hungarian shale gas in the Carpathian-Balkanian basin is around 538 Bcm.The most promising exploration area is considered to be the Makó basin, which is located in the southern part of Hungary. The licenses of the mining properties of the Makó belong to MOL and TXM Olaj- és Gázkutató Kft.

• In the young Pannonian Basin around 100 billion m3 gas – (not only Hungary)
• Companies in Hungary: MOL (Derecske basin, Mako, Békési basin), TXM – Falcon & NIS/Gazprom (Mako basin), Delcuadra (Kiskunhalas region), MOL/INA, Ascent (Slovanian – Hungary)
• Shale gas production in Mako (not really profitable production) by company TXM (Falcon).
  No real production is happening. Several fracking operations happened.
  Shale gas reserve is in really deep 6-7000 meters area.

Since 1984, information about shale gas in the region

• Mako trench project: 7-8 year 300 USD investment, TXM 995 km2, MOL have a smaller investment
• TXM has the rights for exploration for 35 years since 2007
• RSP Scotia Group estimation: 1.7 billion m³ gas
• Mako 7 wells: 6500 meter deep in the marl – high pressure, high temperature 250°C, 1200 bar at 6085 meter deep in Mako 7
• Target: 4-5-6 km deep young hydrocarbon system, much deeper than water resources – drinking water base
• MOL’s explorations in Békés Basin, Makó Basin and Derecskes Basin and also in Kiskunhalas area and Zala and Drava Basins.

Currently independent scientists are working on a study to evaluate the possible environmental impacts. Study will be ready by November.