Hungary-based MOL's long-held ambition of acquiring Croatian firm INA is one step closer to reality now that it has become the largest shareholder in the company, after purchasing many of the shares issued in a free float. Further talks are underway regarding MOL's desire to purchase some or all of Croatian government's remaining share, while Austria's OMV is keeping an unexpectedly low profile.
As discussions about the development of Europe's gas corridor continue, Bulgaria's energy minister has announced that the biggest two projects will "most probably" get derogation from the regulatory framework, which aims to improve competitor access to pipeline networks. This would be a setback for EU policy, but the union needs to face economic realities while improving energy security.
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