Stockholm Arbitration Tribunal has issued a decision in favor of Polish oil and gas company PGNiG. The decision changes the method of pricing for Russian gas, attaching it to the prices for gas in Western Europe and is backdated to November 1st, 2014.
Changing the fuel source of a planned 1-GW power plant in Ostrołęka in northeast Poland, known as Ostrołęka C, from coal to natural gas may delay the project. Ostrołęka was said to be Poland’s last new coal-fired plant, but it has been criticized by environmentalists. and analysts.
Deliveries of Russian gas to Hungary through the TurkStream could start late 2021 or early 2022, state secretary for energy at the Ministry of Innovation and Technology, Péter Kaderják, said. The project creates a "third gas corridor" in addition to the Ukrainian and Baltic Sea supply routes.
The Eastern Opening (Keleti Nyitás) is a major economic strategy of Hungary. Prime Minister Victor Orbán has an objective to reduce the dependency of the Hungarian economy on trade with the West through increased commerce with countries in Asia, particularly China.
The Serbian Ministry of Mining and Energy and Russian gas company Gazprom have signed an agreement on the construction of LNG stations in Serbia. In March, the Serbian government said it was considering the construction of four LNG-powered plants.
In the next five years, Ukraine could turn from an importer to an exporter of natural gas — argues Prime Minister Volodymyr Groysman. The country wants to achieve this goal by increasing gas extraction while reducing its consumption.
A multipolar network of energy hubs is emerging in the Central and Southeast Europe. The political dynamics of the interconnection process, between Russian sources and new sources from the US and elsewhere, leave some nations in better positions than others.