New European Transmission System
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New European Transmission System
The New European Transmission System (NETS) is a project to unite Central and South Eastern Europe's natural gas transmission networks by creating a common gas transmission system operator (TSO). The project is foreseen to create a sizable and efficient regional gas market that significantly enhances gas supply security in the participating countries. History The NETS project was proposed by the Hungarian energy company MOL in December 2007. Original invitation to join this project was sent to gas TSOs in Austria, Bosnia-Herzegovina, Bulgaria, Croatia, Romania, Serbia and Slovenia with possible extension to other gas TSOs in Central and South Eastern Europe. The proposal was welcomed by the European Commission. On 13–14 March 2008, seven of the region's gas TSOs (Transgaz of Romania, FGSZ of Hungary (subsidiary of MOL), BH-Gas of Bosnia and Herzegovina, Geoplin of Slovenia, OMV of Austria, Plinacro of Croatia and Srbijagas of Serbia)) met in Bucharest, Romania, in order to ...
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MOL Group
MOL Plc. ( hu, Magyar OLaj- és Gázipari Részvénytársaság, lit=Hungarian Oil and Gas Public Limited Company), also commonly known as MOL Group, is a Hungarian multinational oil and gas company headquartered in Budapest, Hungary. Members of MOL Group include among others the Croatian and Slovak formerly state-owned oil and gas companies, INA and Slovnaft. MOL is Hungary's most profitable enterprise, with net profits of $770 million in 2019. The company is also the third most valuable company in Central and Eastern Europe and placed 402 on the Fortune Global 500 list of the world's largest companies in 2013 with a revenue equal to one fifth of Hungary's GDP at the time. As of October 2021, the largest shareholder is the Mol New Europe Foundation with 10.49% ahead of Maecenas Universitatis Corvini Foundation and Mathias Corvinus Collegium Foundation, both with 10%, OmanOil Budapest with 7.14% and OTP and ING Bank with 4.9% and 4.48% respectively. Nearly 45% of shares are free ...
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The Jamestown Foundation
The Jamestown Foundation is a Washington, D.C.-based conservative defense policy think tank. Founded in 1984 as a platform to support Soviet defectors, its stated mission today is to inform and educate policy makers about events and trends, which it regards as being of current strategic importance to the United States. Jamestown publications focus on China, Russia, Eurasia, and global terrorism. Founding and mission The Jamestown Foundation was founded in 1984 after Arkady Shevchenko, the highest-ranking Soviet official ever to defect when he left his position as Under-Secretary-General of the United Nations, defected in 1978. William Geimer, an American lawyer, had been working closely with Shevchenko, and established the foundation as a vehicle to promote the writings of the former Soviet diplomat and those of Ion Pacepa, a former top Romanian intelligence officer; with the help of the foundation, both defectors published bestselling books.Jamestown FoundationOrigins The CIA Dir ...
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Transgaz
Transgaz is a state-owned company, which is the technical operator of the national natural gas transmission system in Romania. The company handled in 2017 a quantity of 12.87 billion m³ of natural gas. The company has a total transport capacity of 30 billion m³ of natural gas and a pipe network of 13,000 km. Transgaz is a member of the European Network of Transmission System Operators for Gas. Connections to other countries *Hungary through the Arad–Szeged pipeline *Ukraine through Cernauti-Siret natural gas pipeline *Bulgaria through Negru Voda natural gas pipeline and Giurgiu–Ruse pipeline *Moldova through Iași-Ungheni gas pipeline that was inaugurated on 27 August 2014. Shareholders Although state-owned, Transgaz was partially privatised in 2007 and 2013 respectively. The current shareholder structure, as of 2018: * Ministry of Economy: 58,5097% * Other shareholders: 41.4903% Listing on the Bucharest Stock exchange On 26 November 2007, Transgaz issued ...
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Geoplin
Geoplin is a natural gas company in Slovenia Slovenia ( ; sl, Slovenija ), officially the Republic of Slovenia (Slovene: , abbr.: ''RS''), is a country in Central Europe. It is bordered by Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the southeast, an .... The biggest shareholder of the company is Petrol d.d. Ljubljana. About the company Geoplin is Slovenia’s largest natural gas trader and one of the most important companies in the Slovenian energy sector, with many years of tradition. Its aim is to remain the leader and continue developing. Geoplin trades and acts as an agent and intermediary on the natural gas market in Slovenia and neighbouring countries. References www.geoplin.si External links Company website Oil and gas companies of Slovenia {{energy-company-stub ...
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Plinacro
Plinacro is a natural gas transmission system operator in Croatia. History Plinacro was founded on 1 February 2001 as a subsidiary of INA. Since March 2002, Plinacro is a fully state-owned company. Operations Plinacro operates of high pressure gas pipelines. On 3 March 2009, Plinacro signed an agreement with FGSZ Zrt, a subsidiary of MOL Group, to build a natural gas interconnector between Croatia and Hungary, which would allow two-way shipments after the Adria LNG terminal is built on the island of Krk. Plinacro was also invited to the consortium building Adria LNG terminal. After failure of Adria LNG terminal, Plinacro participated in LNG Hrvatska LNG Hrvatska d.o.o. (also ''LNG Croatia LLC'') is a company that operates a floating liquefied natural gas (LNG) regasification terminal in Omišalj on the island of Krk, Croatia. It commenced operations on 1 January 2021, with full capacity (2.6 ... project where they own 16% of stocks. Plinacro is participating in the w ...
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Srbijagas
Srbijagas (full legal name: '' J.P. Srbijagas'') is the state-owned natural gas provider in Serbia with headquarters in Novi Sad. History Srbijagas was established on 1 October 2005 as a result of restructuring the integrated petroleum company NIS. The company was created on the basis of NIS divisions NIS-Gas and NIS-Energogas. In 2013, the government of Serbia decided to split Srbijagas into two separate companies because of its mounting debt and unsustainable business practices. Since 2013, the transportation and storage units have been operated by Transgas AD, while trade and distribution have continued to be operated by the Srbijagas AD. Subsidiaries * Bijeljina, Bosnia and Herzegovina * , Bosnia and Herzegovina * , Montenegro * South Stream Serbia AG, Switzerland * Gas d.o.o. Bečej * HIP-Azotara d.o.o. Pančevo * Kikinda * Loznica-gas d.o.o. Loznica * Transportgas Srbija d.o.o. Novi Sad * Distribucijagas Srbija d.o.o. Novi Sad * Belgrade * Podzemno skladište gasa d.o.o. ...
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Bucharest
Bucharest ( , ; ro, București ) is the capital and largest city of Romania, as well as its cultural, industrial, and financial centre. It is located in the southeast of the country, on the banks of the Dâmbovița River, less than north of the Danube River and the Bulgarian border. Bucharest was first mentioned in documents in 1459. The city became the capital of Romania in 1862 and is the centre of Romanian media, culture, and art. Its architecture is a mix of historical (mostly Eclectic, but also Neoclassical and Art Nouveau), interbellum ( Bauhaus, Art Deco and Romanian Revival architecture), socialist era, and modern. In the period between the two World Wars, the city's elegant architecture and the sophistication of its elite earned Bucharest the nickname of 'Paris of the East' ( ro, Parisul Estului) or 'Little Paris' ( ro, Micul Paris). Although buildings and districts in the historic city centre were heavily damaged or destroyed by war, earthquakes, and even Nic ...
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Bulgartransgaz
Bulgartransgaz EAD is a natural gas transmission and storage system operator of Bulgaria. It is a subsidiary of Bulgarian Energy Holding EAD. Bulgartransgaz was created on 15 January 2007 in Sofia. In November 2009, the Bulgarian Government decided to list the company at the Bulgarian Stock Exchange - Sofia The Bulgarian Stock Exchange ( bg, Българска фондова борса, ''Balgarska fondova borsa'', abbreviated BSE) is a stock exchange operating in Sofia, the capital of Bulgaria. It was founded as First Bulgarian Stock Exchange on 10 .... See also * Giurgiu–Ruse pipeline References External links Official website Oil and gas companies of Bulgaria Natural gas pipeline companies Bulgarian companies established in 2007 {{Energy-company-stub ...
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Novi Sad
Novi Sad ( sr-Cyrl, Нови Сад, ; hu, Újvidék, ; german: Neusatz; see below for other names) is the second largest city in Serbia and the capital of the autonomous province of Vojvodina. It is located in the southern portion of the Pannonian Plain on the border of the Bačka and Syrmia geographical regions. Lying on the banks of the Danube river, the city faces the northern slopes of Fruška Gora. , Novi Sad proper has a population of 231,798 while its urban area (including the adjacent settlements of Petrovaradin and Sremska Kamenica) comprises 277,522 inhabitants. The population of the administrative area of the city totals 341,625 people. Novi Sad was founded in 1694 when Serb merchants formed a colony across the Danube from the Petrovaradin Fortress, a strategic Habsburg military post. In subsequent centuries, it became an important trading, manufacturing and cultural centre, and has historically been dubbed ''the Serbian Athens''. The city was heavily devastated ...
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Energy Community
The Energy Community, commonly referred to as the Energy Community of South East Europe (ECSEE), is an international organization consisting of the European Union (EU) and a number of non-EU countries. It aims to extend the EU internal energy market to wider Southeast Europe. The members commit to implement relevant EU energy ''acquis communautaire'', to develop an adequate regulatory framework and to liberalize their energy markets in line with the ''acquis'' under the founding Treaty. Aim The Energy Community aims at establishing a Pan-European energy market by extending the energy '' acquis'' of the European Union to the territories of Southeast and Eastern Europe. The Energy Community legal framework covers legislation in the fields of energy, environment, and competition of the EU legislation. After entry into force, the treaty ''acquis'' has been extended on several occasions. It now also includes legislation in relation to security of supply, energy efficiency, oil, ren ...
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Nabucco Pipeline
The Nabucco pipeline (also referred as Turkey–Austria gas pipeline) was a failed natural gas pipeline project from Erzurum, Turkey to Baumgarten an der March, Austria to diversify natural gas suppliers and delivery routes for Europe. The pipeline was to lessen European dependence on Russian energy. The project was backed by several European Union states and the United States and was seen as rival to the Gazprom- Eni South Stream pipeline project. The main supplier was to be Iraq with potential supplies from Azerbaijan, Turkmenistan, and Egypt. The project was developed by a consortium of six companies. Preparations started in 2002 and the intergovernmental agreement between Turkey, Romania, Bulgaria, Hungary and Austria was signed on 13 July 2009. After an announcement of the construction of TANAP, the consortium submitted the Nabucco-West project, which was to run from the Turkish-Bulgarian border to Austria. It was a modification of the original Nabucco Pipeline proje ...
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Ionian Adriatic Pipeline
The Ionian Adriatic Pipeline (IAP) is a proposed natural gas pipeline in Southeast Europe. It would run from Fier in Albania through Montenegro, and Bosnia and Herzegovina, to Split in Croatia. In Fier, IAP would be connected with the Trans Adriatic Pipeline. Trans Adriatic Pipeline AG has signed memorandums of understanding with developers of the IAP project, including Plinacro (Croatia), BH-Gas (Bosnia and Herzegovina), and governments of Montenegro and Albania. In Split, the pipeline would be connected with the existing gas transmission system of Croatia. In addition, it may be connected with other new gas infrastructure, including the Krk LNG terminal in Krk. The length of pipeline would be . The pipeline would be bi-directional and its capacity would be of natural gas per year. The ministerial declaration on the IAP project was signed on 25 September 2007 in the framework of the Energy Community The Energy Community, commonly referred to as the Energy Communi ...
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