Watching Government: Budapest and Bucharest

With the Russian energy sector becoming increasingly cost-competitive, multinationals are also mulling opportunities to expand their leverage in central Europe, a key transit area for Russian oil and gas pipelines. HungaryThe Paris-based International Energy Agency June 13 released an energy analysis of Hungary, a member country since 1997. IEA said Hungary continues to show "remarkable" progress toward energy market liberalization. It is "creating the conditions for an electricity market to develop on similar grounds as in other European countries," and is "paving the way for a natural gas market." A new gas law anticipated later this year opens up 25% of Hungary's gas market to comp...

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