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Most Popular Posts
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Fukuyama gets a letter from paranoid Hungary – but why not me?
05 February 2012 12:21 PM | 1 CommentBut like all state bureaucrats, and even like the Communist censors of the past regime, they miss the point of the article, thereby confirming and reinforcing the message. (Maybe it is at this point that Kovacs was trying to demonstrate that institutions DO matter).
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Nabucco’s bubble bursts
19 January 2012 1:51 AM | No CommentsNabucco's bubble grew with the momentum built on the concept of security of supply for Europe. For companies and governments who supported the project, their commitment and involvement meant that the momentum needed to be maintained.
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Why Hungary’s revisionist energy strategy will fail
17 July 2011 4:40 PM | No CommentsFirst, let's have a good laugh. "a competitive state player." While this is an oxymoron, the state can't be a 'competitive' player in a game when it is also the referee.
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After Fukushima: Assessing nuclear power projects in CEE/SEE
19 March 2011 1:44 AM | No CommentsTweet
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The False Energy Accomplishments of Hungarian EU Presidency
20 January 2011 11:45 AM | No CommentsTweet
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Hungary to follow Tajik model: Forced donations for Surgut/MOL shares
03 January 2011 9:24 AM | No CommentsTweet
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Recent Posts
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Hungarian Politics Torpedoes Nabucco Participation
01 May 2012 12:36 PM | No CommentsThere is no point in covering up the power center of the Hungary. It resides in PM Orban. Regardless of the state involvement in the Nabucco project it is a privately supported initiative with politics secondary. This has always been the selling point - even if politics are tightly woven into the plans
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Screw company profits: This is Energy Capitalism
19 April 2012 12:20 AM | No CommentsTweet
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Shale gas arises in France and Bulgaria
10 April 2012 12:55 AM | No CommentsDomestically sourced shale gas, provides two elements for security of supply. It provides another source of gas, which can be used to reduce dependence, and reduce pricing of Russian gas. It also boosts energy security. Therefore, ignoring the role that shale gas plays in a countries energy supply is not in the interests of politicians.
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The Bursting of Energy Bubbles
22 March 2012 11:12 AM | No CommentsThe energy sector is littered with the corpses of energy technologies that were based on rosy projections, technologies that were surpassed by newer technologies unleashed by altered regulatory landscapes.
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Five Reasons why the War of Energy Technology is on
11 March 2012 5:28 AM | No CommentsThe war of energy independence is on! Like all wars there will be losers. And like some wars, we stumbled into this one. Through the narrowing of options, outdated partnerships and the emergence of new options, the global energy landscape is getting on a new footing.
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The False Energy Accomplishments of Hungarian EU Presidency
Things are super busy here at Limax Energy, so all I have time to state is a simple observation. It appears that Hungary’s EU Presidency and focus on energy is shaping up to simply confirm the plans that are already on the drawing board for gas interconnectors in the CEE region. Check out the below video of Hungarian Prime Minister Viktor Orban laying out this interconnector priority ( at 10 minutes in) and on arrangement for an energy summit.
It seems like the Hungarians have taken an easy issue that was already moving along after the 2009 Russian/Ukraine gas dispute and put it out there as one of their key accomplishments. Maybe this is why there were rumors before that MOL was being told by the Hungarian government not to rush into constructing the gas interconnector with Slovakia late in 2010. And here I was thinking it was because of the Russians – but as I said then, it still didn’t make sense. But I think it does now, they are using this already agreed upon interconnector as proof that they have advanced energy security of supply in the CEE region. Nothing like claiming credit for stuff that is naturally happening.
Also, in the video, PM Orban points out that they are waiting for the Poles to move ahead with the interconnector to Slovakia. Well, here is the press report detailing that this is already moving ahead, regardless of Hungary’s EU presidency.
It appears that Orban will proclaim success in June for uniting Central Europe’s gas infrastructure through a grandiose interconnector plan. Too bad it was already well underway before he took over the Presidency.
If he was a true ‘revolutionary’ as he proclaims himself to be, then he might create some goals that are harder to achieve, like ensuring the success of increasing energy efficiency in the EU – which also appears to be on the plate for diplomats at the upcoming EU energy summit. Decreasing energy demand is equal to, or even more important, than building new interconnectors. I just hope that the other priority concerning the Roma people turns out better.
About Michael LaBelle
Michael LaBelle provides a critical but light hearted analysis of the complex field of EU and CEE/SEE energy politics and business. He is based in Budapest, Hungary. He can be reached at michael.labelle(at)energyscee.com