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.
In February, EU officials agreed to amend the Gas Directive adding new rules for gas pipelines to and from third countries. The long-debated measure is aimed at the Russian-supported Nord Stream 2 pipeline.