László Fritsch becomes member of the GIE Board

Gas Infrastructure Europe (GIE) is an association operated by European gas infrastructure participants, the members of which include not only natural gas storage licensees, but also transmission system operators and companies from the LNG sector. It currently has 68 members from 24 European countries.


By its activities, GIE actively contributes to establishing a unified, sustainable and competitive European gas market. The members of the GIE Board are the leaders of key European companies engaged in the operation of natural gas infrastructure.
László Fritsch was elected to be a member of the GIE Board as of June 2016, while he also maintains his membership in the Executive Committee of Gas Storage Europe. GIE Board membership facilitates it for MFGT, and hence for the whole MVM Group to promote the EU lobby and achieve a key position in EU decision-making with regard to gas infrastructure.
László Fritsch started his professional career at Shell Gas Hungary in 1996. Between 2001 and 2003, he was the company’s financial director, following which he joined the international activities of the group and worked in several European countries as the European internal auditor for Shell Oil Products. From 2005, he was the business development manager of SCA Packaging Hungary Zrt. and the general manager of SCA Packaging Romania.
In 2006, he returned to the gas industry, and started his current employment at the then German-owned E.ON Földgáz Storage Zrt. In the beginning, he was the head of finance, controlling and procurement, and from 2009, he worked for the company as the financial director. In 2012, he switched from financial assignments to technological tasks, and he became the member of the board of directors responsible for operation. He assisted the preparation of the ownership change of the company in this capacity, and after the Hungarian state acquired the shares, since 01 October 2013, he has been the CEO and the chairman of the board of Hungarian Gas Storage Ltd.
Besides his daily work, as a chair member of the Hungarian Mining Association, he is an active participant and a dedicated supporter of the Hungarian mining society. He was awarded the Saint Barbara Medallion by the Minister of National Development in 2012 and was granted the Knight’s Cross of the Hungarian Order of Merit in 2015, acknowledging his outstanding professional activity he carried out in Hungary and abroad to enforce mining interests for the sake of hydrocarbon supply and storage, which are crucially important in the security of Hungarian energy supply.