Over the last decade, the natural gas market in Central and Eastern Europe (CEE) has changed dramatically. Today, we are seeing more cross-border pipeline routes that are bi-directional and the possibility of greater liquified natural gas (LNG) imports. These changes will bring increased economic opportunities for the full market chain under EU rules. Hungary, Slovakia and Ukraine are emerging as key players in these developments.
Not long after the fall of the Soviet Union in the early 1990s, western policymakers began to think about how to reduce European reliance on Russian hydrocarbon resources by expanding Europe’s alternative sources. Much of the energy diplomacy undertaken since then has focused on building pipeline infrastructure designed to bring new sources of oil and gas to Europe that bypass Russia. Of course, this strategy has seen many large successes, with the development of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline and the Southern Gas Corridor (SGC) perhaps the most notable examples.
December 2, 2021 -