U.S. envoy urges Hungary-Croatia agreement over INA

Deals

A U.S. government representative called on both Croatia and Hungary to reach a consensus over the future of Croatia's oil and gas group INA, a subsidiary of its Hungarian peer, MOL, MTI reported yesterday.

 "Consensus over the future of Croatian energy company INA is in the interest of both Croatia and Hungary, as well as of the entire region," the United States’ special envoy and coordinator for international energy affairs said in Budapest.

In a telephone press conference organized by the U.S. Embassy, Amos Hochstein said that Hungary and Croatia were "natural allies" especially in the field of energy security, and issues around INA should not be allowed to impact their cooperation. The two countries need to focus on a long-term solution to ensure energy security, Hochstein said.

Concerning the South Stream project, Hochstein insisted that the pipeline would carry the same gas to the same consumers, and asked if the scheme would in fact ensure a diversity of supplies or future generations would continue to depend on the same supplier.

Europe’s energy security requires further efforts, namely a fully integrated energy market which would facilitate forwarding imported gas to any location on the continent, the U.S. special envoy said, adding that an appropriate infrastructure should be established for the purpose. 

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