popular articles

Oil: Hungary calls for EU intervention against Ukrainian blockade

Hungary accuses Ukraine of blocking Russian oil deliveries transiting through its territory, and is asking the European Union to intervene to resolve this conflict, which threatens its energy security.
Hungary-Ukraine oil dispute

Please share:

Hungary is in the midst of an energy dispute with Ukraine, which is hindering the transit of Russian oil to Budapest.
This situation is jeopardizing energy supplies to Hungary and Slovakia, both of which depend on crude oil deliveries via the Druzhba pipeline. Hungary benefits from an exemption from the European oil embargo imposed after Moscow’s offensive, but Kiev’s recent actions pose serious challenges.
Hungary’s Foreign Minister, Peter Szijjarto, denounced Ukraine’s decision to block deliveries from Russian giant Lukoil.
This decision, described as “unacceptable and incomprehensible”, represents a serious threat to the energy security of both countries.
Szijjarto voiced these concerns at a meeting with his counterparts in Brussels, stressing that the temporary measures put in place are not viable in the medium and long term.

Consultations requested with the European Union

Faced with this situation, Hungary and Slovakia have asked the European Commission to launch consultations within three days to resolve what they consider to be a “violation of the EU-Ukraine Association Agreement”.
Slovak Prime Minister Robert Fico also criticized Kiev’s tightened sanctions against Lukoil, calling them “absurd measures” harmful to certain EU members.
In the absence of an amicable settlement, an arbitration tribunal could be set up to rule on the dispute.
Hungary, while maintaining tense relations with Kiev, has maintained close ties with Moscow.
Hungarian Prime Minister Viktor Orban is the only EU leader to have maintained close relations with the Kremlin, particularly in the energy sector.

Reactions from the European Union

Viktor Orban’s recent visit to Moscow to meet Vladimir Putin has exacerbated tensions within the EU.
The meeting, which took place without prior consultation, angered the EU’s partners.
In response, the European Commission announced a boycott of meetings in Hungary, limiting representation to senior officials until the end of the year.
The EU is also considering boycotting a meeting of foreign ministers scheduled to take place in Budapest in August.
This complex situation highlights the current energy and diplomatic challenges in Central Europe.
Relations between Hungary, Ukraine and Russia, and the EU’s responses, will continue to evolve over the coming weeks, with potential implications for the region’s energy security.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Russia and Iraq strengthen their cooperation within OPEC+ to manage oil price fluctuations. This coordination is crucial for their respective budgets amidst sanctions and heavy reliance on oil revenues.
A dispute between Gazprom and OMV disrupts Europe’s energy balance. Despite stable flows via Ukraine, legal and economic tensions increase the challenges of the European Union’s energy diplomacy.
A dispute between Gazprom and OMV disrupts Europe’s energy balance. Despite stable flows via Ukraine, legal and economic tensions increase the challenges of the European Union’s energy diplomacy.
Vaca Muerta, one of the world’s largest shale gas reserves, places Argentina at a major strategic crossroads. Yet, with limited infrastructure, economic challenges, and energy diplomacy complexities, its export ambitions face significant hurdles.
Vaca Muerta, one of the world’s largest shale gas reserves, places Argentina at a major strategic crossroads. Yet, with limited infrastructure, economic challenges, and energy diplomacy complexities, its export ambitions face significant hurdles.
Tehran warns that the European resolution condemning its nuclear program at the IAEA risks severely disrupting relations with the UN agency ahead of a crucial vote.
Tehran warns that the European resolution condemning its nuclear program at the IAEA risks severely disrupting relations with the UN agency ahead of a crucial vote.
The COP29 negotiations highlight the critical stakes of energy diplomacy, where climate financing and fossil fuel commitments divide developed and developing countries.
As it prepares to host COP30 in 2025, Brazil, a major oil producer, aims to play a key role in the energy transition by promoting a global discussion on the gradual reduction of fossil fuels.
As it prepares to host COP30 in 2025, Brazil, a major oil producer, aims to play a key role in the energy transition by promoting a global discussion on the gradual reduction of fossil fuels.
The Brazilian oil giant Petrobras is considering a return to Argentina, drawn by the potential of Vaca Muerta and a new energy cooperation agreement between the two nations.
The Brazilian oil giant Petrobras is considering a return to Argentina, drawn by the potential of Vaca Muerta and a new energy cooperation agreement between the two nations.
Suriname and China have signed an agreement to reschedule $475 million in debt, marking the first step in revitalizing the South American country's economy, which remains in crisis despite its vast oil reserves.
Suriname and China have signed an agreement to reschedule $475 million in debt, marking the first step in revitalizing the South American country's economy, which remains in crisis despite its vast oil reserves.
The United States and European nations have presented a resolution at the IAEA condemning Iran for failing to fully cooperate on its nuclear program. Tehran warns of repercussions following this decision.
At COP29, Japan aligns with the EU on climate finance contributions and adopts a measured approach to the Carbon Border Adjustment Mechanism (CBAM), while reviewing its long-term energy objectives.
At COP29, Japan aligns with the EU on climate finance contributions and adopts a measured approach to the Carbon Border Adjustment Mechanism (CBAM), while reviewing its long-term energy objectives.
China is massively investing in Brazil's energy sector, with structural projects in electricity production and transmission, accelerating economic development and integrating the country's power networks.
China is massively investing in Brazil's energy sector, with structural projects in electricity production and transmission, accelerating economic development and integrating the country's power networks.
COP29 in Baku highlights the massive presence of fossil fuel representatives. Between lobbying and energy necessity, the debate on their role in the climate transition intensifies.
COP29 in Baku highlights the massive presence of fossil fuel representatives. Between lobbying and energy necessity, the debate on their role in the climate transition intensifies.
Cuba, hit by two hurricanes and an acute energy crisis, receives enhanced support from Russia, including financial aid, equipment, and an educational partnership to develop its energy sector.
G7-linked tankers are returning to Russian routes, reaching a seven-month high as they seize opportunities presented by the weakness of Russian crude prices under the $60/barrel cap.
G7-linked tankers are returning to Russian routes, reaching a seven-month high as they seize opportunities presented by the weakness of Russian crude prices under the $60/barrel cap.
COP29: Tensions over EU Carbon Tax Stall Opening Discussions at Baku Summit
COP29: Tensions over EU Carbon Tax Stall Opening Discussions at Baku Summit
COP29 is launching a regulatory framework for carbon credit exchanges between countries and companies under UN supervision, aiming to ensure the reliability of these transactions in the fight against climate change.
COP29 is launching a regulatory framework for carbon credit exchanges between countries and companies under UN supervision, aiming to ensure the reliability of these transactions in the fight against climate change.
COP29: Azerbaijan Defends the Exploitation of Its Oil Resources Amid International Pressures
At COP29, Azerbaijan urges negotiators to swiftly adopt Article 6 rules, a critical issue for international carbon credit markets. Talks are intensifying in Baku, but obstacles remain.
At COP29, Azerbaijan urges negotiators to swiftly adopt Article 6 rules, a critical issue for international carbon credit markets. Talks are intensifying in Baku, but obstacles remain.
After being attacked by Houthis in August, the Sounion tanker begins, under high security, the transfer of one million barrels of oil to the Delta Blue in the Suez Canal, preventing a major ecological disaster.
After being attacked by Houthis in August, the Sounion tanker begins, under high security, the transfer of one million barrels of oil to the Delta Blue in the Suez Canal, preventing a major ecological disaster.
Venezuela and Russia signed several military and oil agreements aimed at strengthening their cooperation, solidifying a strategic alliance extending until 2030 and beyond.
Venezuela and Russia signed several military and oil agreements aimed at strengthening their cooperation, solidifying a strategic alliance extending until 2030 and beyond.
COP29 opens in Baku, Azerbaijan, amid global political uncertainty, with renewed calls for massive funding to support developing countries facing the climate crisis.
Eight Thai agencies sign an agreement with Germany to reduce CO₂ emissions through a "sector coupling" project, aiming for carbon neutrality by 2050 and net-zero emissions by 2065.
Eight Thai agencies sign an agreement with Germany to reduce CO₂ emissions through a "sector coupling" project, aiming for carbon neutrality by 2050 and net-zero emissions by 2065.
Iraq's Kurdistan Hopes for Quick Resumption of Oil Exports Despite Tensions with Baghdad
Iraq's Kurdistan Hopes for Quick Resumption of Oil Exports Despite Tensions with Baghdad
At COP29, the UN commits to regulating the carbon credit market to enhance transparency and quality, in an effort to reduce global CO2 emissions.
At COP29, the UN commits to regulating the carbon credit market to enhance transparency and quality, in an effort to reduce global CO2 emissions.

Advertising