Saturday, August 23, 2014

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News - Hungary

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South Stream: A Bridge Between East and West

On 2 July in Vienna, Austria, Mr. Zeljko Sertic, President of the Serbian Chamber of Commerce, announced that his organization, along with the Chambers of Commerce in Bulgaria and Hungary, had signed a cooperative agreement whose name had been changed to the Danube Energy Initiative (DEI), an agreement...

Austria: Big Infrastructure for the Whole Region

Appearing at the Gas Dialogues event Natural Gas: The Perspectives for Central and South Europe, in Vienna, Austria, Christian Schonbauer, Head of Department Energy and Mining, Federal Ministry of Science, Research and Economy, Austria, stressed the importance of energy supplies in the...

Ukraine Gas Shut-off: Timing a Blessing and a Curse

In light of the announcement 10 days ago that Russia's Gazprom had shut off deliveries of gas to Ukraine, and the Russian side demanding pre-payment from Ukraine's Naftogaz going forward, countries in Central and Southeastern Europe that receive Russian gas via the pipeline running through Ukraine find...

Falcon Registers Achievements in Hungary

Ireland-based Falcon Oil & Gas announced that initial drilling operations on the Besa-D-1 well in Hungary have reached total depth (“TD”) of 3,000 metres. The company also reported it encountered gas shows. ‘Besa-D-1 is the second of a planned three well programme to evaluate the...

CEE Natural Gas: It's a Family Affair

It's a family that goes way back when it comes to natural gas in Central & Eastern Europe (CEE), but there's a little spat in the gas family as of late, drawing attention to how the countries in the region ensure their security of supply.Assessing the natural gas landscape in CEE, David Viduna, head...

Inter-European Gas Wars: Europe’s Pursuit of Energy-Cide

There is a gas race in Europe. This rivals the well reported US - Europe gas price difference, due to cheap US shale gas and high European imported gas prices. In an attempt to compete against the US European industry just got handed a price break in the form of lower support payments for the renewable...

MOL Looks for New M&A Opportunities

Hungary-based MOL reiterated its intention to buy new assets, in the attempt to foster a radical change of direction after disclosing a CCS EBITDA of HUF 105b, which is 15% lower than the result reported in the previous quarter. “Going forward down this road, we are still looking for attractive...

South Stream: Gains for Bulgaria, Gains for Europe

At a stakeholders event in Varna, Bulgaria (organized by the Bulgarian Chamber of Commerce), representatives of both domestic and regional industry groups gathered to discuss the benefits of the South Stream pipeline project for the Balkan region. Speakers from Bulgaria, Serbia and Hungary also helped...

Waiting for the Great Gas Cutoff

European countries from Germany and Poland to Italy and Turkey now need to ensure they have emergency plans in place to deal with a possible cut-off of Russian gas supplies. At risk are the roughly one-fifth of their supplies delivered via pipelines through Ukraine, and even greater volumes if other...

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