Subscribe free to our newsletters via your
. Energy News .




ENERGY TECH
Hungary, Azerbaijan seek joint projects
by Staff Writers
Baku, Azerbaijan (UPI) Jul 25, 2012


disclaimer: image is for illustration purposes only

The time is ripe for more cooperation between Hungary and Azerbaijan on energy projects, Hungarian Foreign Affairs Secretary Peter Szijjarto said this week.

Szijjarto, who is also in charge Hungary's external economic relations, said Monday during a visit to Baku the two country's state-owned energy companies -- Hungary's MOL Group and Azerbaijan's SOCAR -- are poised to work together, the Trend news agency reported.

"Hungary owns some rights to the largest energy structure of Central Europe -- MOL company," Szijjarto said. "We are ready to cooperate on MOL individual projects with SOCAR."

Cooperation on energy projects with Azerbaijan on energy projects could help reduce Hungary's dependence on imported energy, he said.

Hungary imports more than three-quarters of its energy and is especially dependent on Russia for its natural gas supplies. The country's national energy strategy, adopted last year, calls for the development of alternative supplies.

One of those alternatives is the planned Nabucco West pipeline connecting natural gas fields in the Caspian Sea to Europe. MOL is a shareholder in the project.

Szijjarto's visit comes less than a month after a similar trip to Baku by Hungarian Prime Minister Viktor Orban, who met with Azerbaijani President Ilham Aliyev and attended the Crans Montana Forum.

There he asserted the European Union should develop closer ties with the Caspian region, and Azerbaijan in particular, to secure the bloc's energy supplies.

Orban said east-west gas pipelines built during the communist era must be augmented with new, north-south routes, such as Nabucco West, the English-language weekly Budapest Times reported.

That project would run from Turkey through Bulgaria, Romania, Hungary and end in Austria but isn't expected to be operational until 2017.

Hungary has also signed up for the Russian-backed South Stream pipeline, seen as a competitor to Nabucco, which would supply Europe with Russian gas via the Black Sea -- thus avoiding Ukraine as a transit nation.

Russian President Vladimir Putin has called for a 2015 completion date for the first phase of South Stream.

Hungary is also seeking security of its gas supply through the completion of a Slovakian-Hungarian gas interconnector, which would enable it to enter EU (primarily German) markets for the first time. Budapest says such an interconnector could provide up to 12 billion cubic meters per year -- almost completely covering its annual demand.

Liquefied natural gas could also help the diversification of Hungary's energy import sources, tapping an existing Italian LNG terminal and future Croatian, Slovenian or Polish facilities through an Azerbaijan Georgia-Romania interconnector.

In the meantime, Szijjarto said Hungary wants to expand cooperation with Azerbaijan not only in energy but other fields as well.

One of those areas is the building industry, where Hungarian companies are looking to open up eastern markets for infrastructure, road and railway construction to replace European work lost due to the financial crisis.

Another area is water, where Hungary boasts considerable expertise in water management, purification and sewage disposal, which it has demonstrated in Saudi Arabia, the Hungarian news agency MTI reported.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





ENERGY TECH
Hong Kong billionaire to buy UK gas company
Hong Kong (AFP) July 25, 2012
A consortium led by Asia's richest man Li Ka-shing agreed Wednesday to acquire a British gas distribution company for Pounds 645 million ($1 billion), the companies said. Consortium leader Cheung Kong Holdings said it plans to acquire MGN Gas Networks, which owns gas distributer Wales & West Utilities, from investors including Macquarie Global Infrastructure Funds 2 SARL. Wales & West Utilitie ... read more


ENERGY TECH
BSU starts second phase of largest geothermal system in U.S.

Roadmap for a Sustainable Energy System in the Dominican Republic

Apollo Energy Assists Businesses Cutting Commercial Energy Costs

Ireland calls for interconnector approval

ENERGY TECH
China eyes Canada for oil deals

Hungary, Azerbaijan seek joint projects

Vietnam, Philippines slam China garrison plan

Hong Kong billionaire to buy UK gas company

ENERGY TECH
SeaRoc to provide full installation services on Narec's Offshore Anemometry Hub

Italian police seize giant wind farm in mafia probe

GL Garrad Hassan releases update of WindFarmer 5.0

U.S moves massive wind farm plan forward

ENERGY TECH
UCLA researchers create highly transparent solar cells for windows that generate electricity

DuPont Addresses Patent Protection at Solarbuzz China Conference

Solar Module Price Erosion Slows in the Second Half of 2012 as Demand Rises

Next Phase in SolarStrong Project for Sustainable Electricity Production

ENERGY TECH
Convoy taking Italian spent nuclear fuel to France: reports

Opportunity after the nuclear disaster at Fukushima

AREVA and Northrop Grumman Announce Plans to Provide Cybersecurity Support to U.S. Nuclear Facilities

40 India nuclear plant workers contaminated: firm

ENERGY TECH
Strategies to improve renewable energy feedstocks

Brazil to build first algae-based biofuel plant

OriginOil Ships First Production System to Paris-Based Ennesys

Beating the fuel prices: Using yeast for economic production of bioethanol

ENERGY TECH
Looking Forward to Shenzhou 10

Astronauts in good shape after return

Shenzhou mission sparks 'science fever'

China Beats Russia on Space Launches

ENERGY TECH
Southern French worms wriggle as far north as Ireland

Asia unlikely to achieve climate, poverty goals unless women's rights are recognized

Generation X is surprisingly unconcerned about climate change

No end in sight for US drought: experts




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement