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Poland’s PKN Orlen finds pipeline. A public company, MOL is active
in all segments of the oil and gas industry
500mn cubic metres of gas in and also internationally. Russia-owned Jadran-Naftagaz
Chief of Staff Gergely Gulyas said if
domestically operated field there were no oil shipments from Russia, oil gets oil, gas exploration
deliveries to Hungary could come only by
PKN Orlen exploratory works have sea through the Adria pipeline. But he said concession in Bosnia
confirmed an additional 500mn cubic at current capacity, the pipeline would be
metres of gas in an earlier discovered able to supply only 70%-80% of what would Jadran-Naftagaz, owned by Serbia’s NIS, has
deposit in southeastern Poland, the be needed. Hungary has been exempted been granted a new concession for oil and
Warsaw-listed state-controlled company from EU bans on the purchase of Russia gas exploration in Bosnia & Herzegovina’s
said on February 14. crude through Druzhba brought about by Republika Srpska, Indikator.ba reported on
The discovery increased the total the invasion of Ukraine. February 13.
recoverable gas resources in the deposit to Gulyas said the pipeline expansion NIS is owned by Russian Gazprom. The
700mn cubic metres (mcm), PKN Orlen project is one of special importance and Bosnia-registered company was first granted
said. Poland relies on domestic production that Budapest would like to implement a concession in 2011.
to meet around 20% of its annual gas it together with Croatia. He added that Under the renewed concession deal,
consumption of roughly 20bn cubic metres Hungary is drawing up an energy strategy Jadran-Naftagaz is allowed to extract 4,800
(bcm). that will include nuclear energy, renewables, cubic metres of oil from the Obudovac
The remainder comes from imports and the development of the national power shell and test its quality and chemical
through an LNG terminal in the coastal grid. The plan is expected to fit with EU characteristics.
town of Swinoujscie and via the recently guidelines and receive EU financial support. In June 2022, the government of
launched Baltic Pipe, delivering gas from Meanwhile, Hungarian Foreign Minister Republika Srpska allowed Jadran-Naftagaz
Norway. Peter Szijjarto met with Serbian officials to extract and test another 5,000 cubic
3D seismic image analysis of the deposit last week to discuss the construction of new metres of oil.
– located in the municipality of Jastrzebiec interconnecting gas pipelines that will allow The company is obliged to pay 5% of the
– suggested that actual reserves may be even increased Azeri gas deliveries. revenue from the use of the extracted oil to
larger. “In order to double gas imports from the entity’s government.
“Further reconnaissance work and data Azerbaijan new interconnectors need to Jadran-Kaftagaz was set up as a
analysis obtained during drilling and testing be built and the existing ones expanded,” joint-venture between NIS and Russian
of the new well will provide more detailed Szijjarto was quoted by the Serbian media as Zarubezhneft. Subsequently, Zarubezhneft
information on the deposit’s richness,” PKN saying on February 8. pulled off. In 2011, Jadran-Naftagaz
Orlen said in a statement. The two countries are also planning signed a 25-year concession deal with the
PKN Orlen’s share price inched up 0.32% the construction of a 128 km oil pipeline government of Republika Srpska.
to PLN63.62 (€13.32) at the end of the day’s connecting the two countries, Serbia media
trading on the Warsaw Stock Exchange on reported. The two sides have already met to
February 14. discuss details of the pipeline’s construction, Turkey reportedly restarts
which is viewed as another means of
diversifying oil supply in the region. Ceyhan loadings of Azerbaijani
Hungary pursues pipeline plans to double the quantity of electrical power oil after earthquake damage
Serbia and Hungary are also working
with Croatia, Serbia transmitted between the two countries by
2028.
Hungary said last week that the country Moreover, Bulgaria announced that it assessment
intends to cooperate with Croatia on the had started construction of a gas pipeline Turkey’s southeastern port terminal Ceyhan
expansion of the Adria pipeline which that will connect the Bulgarian gas network on the afternoon of February 12 reportedly
supplies crude oil to Hungary from the with Serbia that will enable the latter restarted tanker loadings of Azerbaijani
Adriatic port of Omisalj. The pipeline serves to receive non-Russian gas through the crude oil following a suspension brought
not only Croatia and Hungary but other Southern Gas Corridor or from planned in after the huge earthquakes that hit the
Balkan states on the eastern side of the LNG terminals in the Aegean Sea. surrounding region on February 6.
Adriatic Sea. The new interconnector will serve as The restart was confirmed by Tamam
The office of Hungarian Prime Minister a further means to diversify security of Bayatli, a spokeswoman for BP’s Baku office,
Viktor Orban said that expanding the gas supply in Southeastern Europe. Both in an email to Bloomberg.
pipeline would allow for more non-Russian Bulgaria and Serbia are working on their BP declared force majeure on Azerbaijani
crude oil to become available for Hungary’s respective sections of the 170 km pipeline, oil exports via Ceyhan and carried out an
MOL Group, which is historically supplied which is planned to be operational before assessment of possible earthquake damage.
with Russian crude oil via the Druzhba the end of 2023. There were reports of a control room at the

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