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Pipelines, Storage & Power

BRUA uncertainty tests Exxon and OMV’s patience

Exxon and OMV are interested in buying capacity along the diverted BRUA pipeline, but they are likely to step back if Hungary and Romania refuse to collaborate Exxon and OMV are interested in buying capacity along the diverted BRUA pipeline, but they are likely to step back if Hungary and Romania refuse to collaborate.
By Silvia Favasuli 5 September 2018 0 32434
OMV pipeline infrastructure OMV pipeline infrastructure. (OMV)

Plans to pipe Black Sea gas to Western Europe would not only benefit the producers and transit countries, but could also help Brussels in its efforts to diversify gas supplies away from Russia. 

But irresponsible behaviour on the part of Romania, Hungary and now Slovakia – the three transit countries – threatens to derail the project. The countries are testing the patience of would-be Black Sea producers, including ExxonMobil and OMV Petrom, with their ambition to become regional gas hubs or to maximise profits from Black...