U.S. envoy urges Hungary-Croatia agreement over INA
A U.S. government representative called on both Croatia and Hungary to reach a consensus over the future of Croatia's oil and gas group INA, a subsidiary of its Hungarian peer, MOL, MTI reported yesterday.
"Consensus over the future of Croatian energy company INA is in the interest of both Croatia and Hungary, as well as of the entire region," the United States’ special envoy and coordinator for international energy affairs said in Budapest.
In a telephone press conference organized by the U.S. Embassy, Amos Hochstein said that Hungary and Croatia were "natural allies" especially in the field of energy security, and issues around INA should not be allowed to impact their cooperation. The two countries need to focus on a long-term solution to ensure energy security, Hochstein said.
Concerning the South Stream project, Hochstein insisted that the pipeline would carry the same gas to the same consumers, and asked if the scheme would in fact ensure a diversity of supplies or future generations would continue to depend on the same supplier.
Europe’s energy security requires further efforts, namely a fully integrated energy market which would facilitate forwarding imported gas to any location on the continent, the U.S. special envoy said, adding that an appropriate infrastructure should be established for the purpose.
Avg Gross Earnings at HUF 605,400 in February 2024
Bulgaria's Household Income, Spending Rise 20% in 2023
Moldova Industrial Output Rebounds Sharply in February
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
