Hungary's Kiskunhalas Gas Project Aims to Boost European Energy Security in 2025-2026

As Europe faces a potential energy crisis in the winter of 2025-2026 due to depleted gas reserves, a promising Tight Gas project in Hungary is gaining momentum. CanCambria Energy has received its first drilling permit for an appraisal well at the Kiskunhalas project in the Pannonian Basin. This project aims to exploit Tight Gas resources, which could significantly contribute to Europe's energy supply. The initial drilling is scheduled for the second half of 2025. The Kiskunhalas project is strategically located with existing pipeline infrastructure, facilitating rapid development. Geologists are optimistic about its potential, drawing parallels to the Granite Wash formation in the US. CanCambria Energy's CEO, Dr. Paul Clarke, expressed confidence in the project's ability to capitalize on strong natural gas prices in Europe. The EU's gas storage levels are currently low, making this project crucial for enhancing energy security and reducing reliance on external sources. The project's success could mark a milestone for European energy independence.