Opinion on Energy and Utilities in Hungary

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Type Product title / description Pub Price
Expert View
Expert View

Nuclear power to support future growth in Hungary's energy consumption

In Datamonitor Energy's latest update to its power supply and demand forecasts for Hungary, nuclear power will continue to play a major role in the country's energy supply, having accounted for the largest portion (almost 40%) of energy in 2013. Significant funding has been allocated to increasing nuclear energy generation, with two 1,200MW plants predicted to come online in 2023 and 2026.

Published By Datamonitor
07 Jul 2014
Expert View
Expert View

UK joins non-binding EU agreement to support nuclear

The UK and 11 other EU countries have signaled their support for nuclear generation. Datamonitor expects benefits from such "soft" agreements to be long-term and to include easier access to funding and R&D sharing. In the short term, the UK government's new carbon price floor will make low-carbon generation, including nuclear, more attractive.

Published By Datamonitor
19 Mar 2013
CommentWire
CommentWire

P&G: one step closer to becoming a zero-waste company

As part of its long-term environmental vision, P&G has announced that its manufacturing facility in Auburn, Maine, is the company's ninth global site to achieve zero-waste-to-landfill status to date. However, P&G's move towards becoming a zero-waste company is unlikely to resonate among consumers, given the equally ambitious environmental targets frequently set by rival FMCG companies.

Published By Datamonitor
21 Dec 2010
Expert View
Expert View

OMV: focusing on value-added services to drive market share

Through a partnership with Western Union, fuel retailer OMV is set to offer international money transfer facilities across its network in eight Central and Eastern European countries. This is the second recent venture into the financial services space for OMV, and highlights its high focus on expanding and diversifying its service offering to drive customer satisfaction.

Published By Datamonitor
21 Jul 2010
Expert View
Expert View

MOL: one step closer to acquiring Croatia's INA

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.

Published By Datamonitor
30 Oct 2008
Expert View
Expert View

OMV abandons attempt to acquire MOL, but for how long?

In the face of European Commission resistance, Austrian oil and gas company OMV has abandoned its protracted bid to acquire MOL, its Hungary-based rival. However, the EC may yet relax any restrictions placed on a potential merger, presenting OMV with another chance to acquire an MOL that could be left weakened by attempts to purchase Croatian oil firm INA.

Published By Datamonitor
15 Aug 2008
CommentWire
CommentWire

OMV/MOL: protectionist threat raised

Hungary's leading oil and gas company, MOL, objects strenuously to a potential acquisition by Austria's OMV and is partly relying upon the protectionist support of Hungary's socialist-led government to this end. This tactic, which is clearly against the spirit of EU energy liberalization, may backfire on MOL in the future.

Published By Datamonitor
03 Aug 2007
CommentWire
CommentWire

Hungary energy liberalization: failing to make real progress

Hungary highlights the problems faced by EU member states, especially the new accession countries that are trying to adopt EU energy laws. Like most EU members, Hungary's electricity market will be opened to competition from July 1, 2007. However, this may be compromised by the current nature of the region's energy sector, which suggests that the EU needs to improve its liberalized market agenda.

Published By Datamonitor
15 Jun 2007
CommentWire
CommentWire

Gas: Hungary balances strategic pipelines

Rumors that Hungary is considering switching allegiances to Russia's Blue Stream pipeline extension from the Nabucco pipeline have emerged recently. These rumors are worrying to both the project's sponsors and EU officials, especially given Hungary's already strong relationship with Russia, and highlight the fact that domestic politics are still capable of trumping EU security of supply concerns.

Published By Datamonitor
03 Apr 2007
CommentWire
CommentWire

Lukoil: downstream focus gathers pace

Leading Russian oil producer Lukoil has entered into talks with ConocoPhillips to acquire some 380 filling stations under the Jet brand. This move illustrates the fact that, while the US giant begins a huge divesture program to fund upstream investments, Lukoil is heading downstream with a vengeance.

Published By Datamonitor
18 Dec 2006

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