Introduction
Since August 1 2008 the Croatian gas sales market has been fully open, with customers entitled to choose their supplier, the quantity and the price. The only natural gas producer is the national oil and gas company, INA dd, which meets approximately 60% of national needs. Gas is exploited...
Exploration of oil and gas in northern Croatia On December 5 2011 the Ministry of Economy, Labour and Entrepreneurship announced a tender(1) for exploration permits in 14 areas in northern Croatia. The tender arose as a direct result of the Mining Act 2009, which introduced the new tendering...
The recent developments that showed TAP's clear victory in the Southern Corridor pipeline race demonstrate a behind the scenes culmination of wider geoeconomic importance that will certainly affect the strategies of all stakeholders involved.
First of all, ITGI's defeat was not taken lightly both in...
A new oil and gas licencing round organised by the Republic of Cyprus is raising tensions with northern Cyprus and its Turkish backers. Although further drilling in the eastern Mediterranean will contribute to energy security in southern Europe, it may come at a high political cost.
The new round was announced by...
Oil and gas group OMV AG today announced its intent to sell its subsidiaries in Croatia and Bosnia-Herzegovina as part of its revised focus on exploration and production projects in the future. The sales would constitute a total withdrawal from both markets.
Currently, OMV wholly owns a retail...
The Trans-Adriatic Pipeline (TAP) is the only pipeline capable of bringing gas to south eastern Europe, TAP Managing Director Kjetil Tungland has said.
Speaking at the the first South Eastern Europe Gas Forum in Brussels yesterday, Mr. Tungland said that the TAP was the only pipeline capable of transporting...
Natural gas has begun to flow through a newly-built gas interconnector between Croatia and Hungary.Croatian state-controlled gas transmission system operator Plinacro said the first quantities of natural gas were shipped on August 3rd.The 293 km long, two-way interconnector between Croatia’s Slobodnica...
The Trans-Adriatic Pipeline (TAP) has entered into an agreement with Bosnian system operator BH-Gas for the future extension of the planned gas pipeline.The two companies agreed, "to explore opportunities for developing natural gas markets and enhancing supply diversity in South East Europe (SEE)".Backed...