Hungary: Collecting the First Dividends of Interconnectivity?
Hungary: Collecting the First Dividends of Interconnectivity?

Author(s): András Deák
Subject(s): National Economy, Environmental and Energy policy, International relations/trade, Economic development, Geopolitics, Transport / Logistics
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Hungary; coal resources; hydro-power potential; gas supplies; electricity demand; natural gas imports;
Summary/Abstract: Hungary is a resource-poor country with only limited and relatively expensive coal (lignite) and hydropower potential. It has a considerable record of hydrocarbon production dating back to the late 1930s, but much of these conventional reserves have already been depleted. Domestic supplies of gas constitute around 20%, internal oil production provides less than 8% of total demand for the time being, and both are in decline. Thus, import dependency has long been a natural, and socially and politically accepted necessity. Hungary built up a significant nuclear component during the mid-1980s in Paks (four Soviet VVER blocs meet around 40% of electricity demand) and relies heavily on natural gas imports.

• Details
• Contents