Latest Articles about Hungary
GAZPROM TAKEOVER IN HUNGARY LOOMS BEHIND POSSIBLE OMV TAKEOVER
Apart from the oil business (see EDM, July 24), Hungary’s gas transmission network is also at stake in the attempted takeover of the national energy company MOL by the Austrian counterpart OMV. And, as with the oil business, the gas transmission network may end up... MORE
AN AUSTRIAN BACK DOOR FOR RUSSIAN TAKEOVER OF HUNGARY’S ENERGY SECTOR? (Part One)
Austria’s OMV, the national energy champion, has blindsided its Hungarian counterpart, MOL, with a merger attempt that looks like a hostile takeover. MOL had to learn from the mass media in late June that OMV had suddenly increased its stake in MOL from 10% to... MORE
CASPIAN GAS PLENTIFUL NOW FOR NABUCCO PIPELINE PROJECT
Hungary’s government remains the weak link in the planned Nabucco pipeline for Caspian gas to Europe via Turkey, Bulgaria, Romania, Hungary, and Austria -- a project led by Austria’s OMV company. The European Union has assigned high-priority status to this project, but the Hungarian government... MORE
HUNGARY’S PRIME MINISTER IN MOSCOW GIVES NABUCCO ANOTHER CHANCE
For the moment at least, Hungary's Socialist Prime Minister Ferenc Gyurcsany is not abandoning the last line of defense against Gazprom's monopolization of pipeline routes to the European Union. That remaining defense is the EU's Nabucco project to pump Caspian gas via Turkey to Europe.... MORE
HUNGARY BREAKS RANKS WITH THE EU AND ITS NEIGHBORS ON THE NABUCCO PROJECT
Hungary’s Socialist-led government has apparently decided to support Gazprom’s Blue Stream project, through which Russia seeks to capture an ever-growing share of the European Union’s gas markets. Made public on March 12, the Hungarian government’s move could -- unless reversed by EU suasion -- kill... MORE
HUNGARY AND THE NABUCCO PROJECT: TIME TO END THE AMBIGUITY
In its comprehensive package of strategy documents, “Energy Policy for Europe,” just released in Brussels, the European Commission has proposed appointing a European Coordinator for the planned Nabucco gas pipeline, deemed a “critical project” by the EU (Press release, January 10). The pipeline is designed... MORE