Tag Archives: electricity

LNG ante portas: Growing LNG penetration in Europe

20 Oct

In the previous post we highlighted that a significant oversupply is building up in international LNG markets, and suppliers have to find new markets as Asia seems to get satiated with LNG. In the longer run, we expect new markets to emerge while the deployment of LNG in transportation will become more widespread. However, in the next few years LNG can be sold only at those markets where infrastructure has already been installed to regasify and distribute LNG to consumers. Therefore, many free LNG cargos will head towards the European markets. In this post we examine to what extent LNG will be able to penetrate the competitive European gas markets and how market conditions will change as a result of the intensified international competition. […]

The solar revolution

13 Apr

In a couple of years, it is going to be cheaper to build solar panels in Hungary than nuclear reactors. And the best part is that it will not need any state subsidy. […]

Obama’s bold climate plan – sensing a change in the public mood?

13 Jun

We’re still far from stopping climate change altogether. But at least something is finally being done. President Obama wants to circumvent Congress to cut power plant emissions. […]

Hungary does not need new nuclear blocks

17 Jan

Hungary plans to build two new nuclear blocks in Paks. Russian Rosatom just got the deal without a tender. It will cost around 12.5 billion euros. The first block could be operational already by 2023. At least according to the intergovernmental agreement. Will it be built or not? Will it be a failure or a success? A brief analysis. […]

Asian domination and cheap US energy forever

4 Dec

The IEA’s World Energy Outlook in 6 charts. […]

How to lower your electricity bill: Are Hungarians (and the British) easier to fool?

12 Nov

A gadget which is supposed to decrease your electricity bills by 75%. Bullshit. Still, a recent EU-wide scam raises some interesting comparisons: where do they charge more for the same ‘product’?

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Energy costs are a headache for the EU too

30 May

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The EU is getting worried about the high energy prices paid by European companies. Well, maybe they should have thought of that earlier.

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New nuke in Hungary or joining euro – Which will come first?

26 Oct

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The tender for one or two new nuclear blocks at the Paks site will be announced by early next year at the latest – at least according to the most recent news. This is a bit like calling a design competition for the Hungarian euro coins. But it costs much, much more. There are several reasons against a rushed nuke expansion: nuclear energy is expensive, and it seems that not only money, but electricity demand and project management skills are also lacking in Hungary. The exact terms of the tender remain unclear, as is the issue of who would apply given these conditions.

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