Spectator on facebook

Spectator on facebook

SPP and Nafta Gbely talk about gas capacity

Slovakia's monopoly gas utility SPP said it wanted to raise its stake in the gas storage firm Nafta Gbely to 51% from the current 10%, the daily Narodna Obroda said December 3.

"SPP wants to raise its stake in Nafta from 10% to 51% within half a year," SPP's Investment Director Jan Kasper said. Kasper said SPP was interested in acquiring the stake to meet its gas storage needs. "SPP needs to continually store some two billion cubic metres of natural gas. At the moment, it is using a tank with a 1.2 billion cubic metre capacity," he said.

Kasper did not specify how SPP would acquire the extra stake, but said the share of the state privatisation agency, the FNM, would fall to 34% from 45.9%.

The FNM re-acquired its stake in Nafta after months of wrangling with the company's former owners who had bought the stake in 1996 at prices the current government considered unfair.

Other shareholders of Nafta include Chase Nominees with 12% and VÚB bank with 7%.

Top stories

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4