New market study, "Hungary Power Report Q3 2014", has been published
Fast Market Research recommends "Hungary Power Report Q3 2014" from Business Monitor International, now available
[UKPRwire, Tue Jul 15 2014] The Ukraine crisis poses substantial risks to Hungary's power outlook over the next year, with the potential for disruptions to gas supplies from Russia still elevated despite our Country Risk team's view for a de-escalation of tensions in the region. Over the remainder of our 10-year forecast period Hungary will remain within Russia's sphere of energy influence given not only the reliance on Russian gas, but also the loan of EUR10bn provided by Moscow to upgrade the Paks nuclear power plant.
Key Trends And Developments
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* In May Hungarian Prime Minister Viktor Orban supported calls for closer integration between the energy sectors of Central Europe to reduce the impact of any halts to Russian gas supplies as a result of the Ukraine crisis. At a conference with the Prime Ministers of Poland, the Czech Republic and Slovakia, Orban stated: 'Wwhat's happening politically [could be] a huge blow for Central European economic possibilities". We believe further integration of the region's energy networks would reduce short-term risks posed by an unstable political environment, but would not address the issue of Russian gas dependency for CEE nations.
* Hungarian total power generation is set to expand at an average 0.9% per annum across the period 2014-2023. We also forecast consumption to tick up across the forecast period, at an average rate of 1.3% per annum over the same period. This is a sign of the developed nature of Hungary's power sector, but also raises the probability that the country will continue to be a net importer of energy.
* Russian state atomic energy concern Rosatom is set to carry out work constructing two new reactors at the Paks nuclear power plant, following the deal between the Hungarian and Russian governments, approved by parliament in February. The work will be financed by a EUR10bn credit line provided by the Russian government, to be repaid over 21 years, once work has been completed. The reactors are set to come online in...
The Hungary Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.
The Hungary Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.
* Use BMI's independent industry forecasts for Hungary to test other views - a key input for successful budgeting and strategic planning in the power market.
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