Fast Market Research

Now Available: Slovakia Oil & Gas Report Q2 2013

Fast Market Research recommends "Slovakia Oil & Gas Report Q2 2013" from Business Monitor International, now available

 

Boston, MA -- (SBWIRE) -- 03/26/2013 -- BMI View: As a net importer of energy, Slovakia faces the challenge of securing long-term gas supplies without becoming too dependent on Russia. Linking its gas network to others in the region is therefore a priority, as it will allow for more flexibility when negotiating gas purchases. Reduced nuclear power usage points to a greater reliance on gas, until sufficient renewables capacity can be established. However, efforts to raise domestic gas prices are being resisted by the government, which may reduce the attractiveness of the Slovak gas sector to foreign investors.

The key trends and developments in Slovakia's oil and gas sector are:

View Full Report Details and Table of Contents

- German utility E.ON and France's GDF Suez said in February 2013 they have agreed to sell their combined 49% stake in Slovak gas group SPP for EUR2.6bn to Czech investment fund Energeticky a Prumyslovy Holding (EPH). The SPP deal had been long expected and was pending the formal agreement of the Slovak government, whose 51% stake will also be sold to EPH. E.ON and GDF Suez had an equal share of their stake.
- Natural gas demand may rise at a more rapid rate if the power industry builds new gas-fired plants to offset nuclear reactor closures, although the residential gas market is close to saturation. Under our forecast Slovakia will consume 7.2bn cubic metres (bcm) of gas by 2017, virtually all of which will be imported. We believe this will rise to 8.5bcm by the end of our forecast period in 2022.
- Slovakia and Hungary have signed a memorandum of understanding (MoU) to launch an EU-supported gas interconnector pipeline between the two countries. Eustream has come to an understanding with its Hungarian counterpart Orszagos Villamostavvezetek, and will commit to the 71-mile pipeline. It is hoped work on the project will begin in 2013, with commissioning due in January 2015.
- The operators of Poland and Slovakia's gas networks have selected a contractor to study a planned gas link that would be part of a corridor joining liquefied natural gas (LNG) terminals in Poland and Croatia. Poland's Gaz-System and Eustream aim to boost energy security in Central and South East Europe by creating a regional gas market and diversifying away from Russian supplies. If everything goes to plan, the connection could be operational in 2017.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Energy research reports at Fast Market Research

You may also be interested in these related reports:

- Legacy Oil + Gas Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2012
- Voyager Oil & Gas, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2012
- Pace Oil & Gas Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2012
- Imperial Oil Limited Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2012
- Ironhorse Oil & Gas Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2012
- Nordic Oil and Gas Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2012
- Painted Pony Petroleum Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2012
- PrimeEnergy Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2012
- TransAtlantic Petroleum Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2012
- Equal Energy Ltd Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2012