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Massive Hungarian MOL-Russian Gazprom deal may reshape the Central European energy market
An agreement with Hungarian oil and gas company MOL on the purchase of a stake in Serbian peer NIS from Russia’s Gazprom Neft is close, Minister of Foreign Affairs and Trade Péter Szijjártó said at a joint press conference with Serbian Minister of Mining and Energy Dubravka Dedovic in Belgrade on Thursday.
Everybody backs the acquisition
In a statement issued by his ministry, Szijjártó said there was a good chance the first “milestone” in talks with NIS’s majority owners could be reached soon, with MOL and Gazprom Neft sealing the first important agreement “in the coming days”. According to 444.hu, the deal can be closed this weekend.
Szijjártó with Serbian energy minister Dubravka Đedović Handanović in Belgrade today:
He added that the Hungarian government supported MOL’s intentions to acquire the stake in NISZ as it would benefit the security of energy supply in the Central European region.
- Serbia’s president expects deal between Hungary and Russia over oil company
Integrating the operation of MOL’s refineries on the outskirts of Budapest and in Bratislava with the NIS refinery in Pancevo would create an unprecedented positive situation for the region in terms of energy security and energy prices, he said.