US Energy Secretary Perry to visit Hungary this week
U.S. Energy Secretary Perry to visit Hungary this week BBJ Tuesday, November 6, 2018, 10:30
U.S. Secretary of Energy Rick Perry will visit Hungary this week on a tour of Eastern Europe that also includes Ukraine, Poland and the Czech Republic, as the Trump administration seeks to offer alternatives to buying coal and gas from Russia, according to energy.gov, the website of the U.S. Department of Energy.
U.S. Secretary of Energy Rick Perry (photo by Christopher Halloran/Shutterstock.com)
Secretary Perry will engage with government officials on a variety of topics from nuclear energy to cybersecurity, as well as coal and LNG exports, according to a DoE press release. He will also meet with industry stakeholders operating in the region and tour energy facilities.
Perry is hoping to build on his recent efforts to enhance American energy partnerships in the region, after attending the Three Seas Initiative Summit in Romania earlier this fall. During the summit, the secretary launched the Partnership for Transatlantic Energy Cooperation (P-TEC).
The Trump administration is seeking foreign markets for coal as domestic consumption has dropped to its lowest level since 1983 due to closures of coal-fired power plants that are suffering from abundant, cheap supplies of natural gas, according to a report by international news agency Reuters.
The U.S. is touting its liquefied natural gas (LNG) as more reliable than pipelined gas from Russia; however, Reuters adds, LNG is more expensive because of the costs of shipping and super-cooling the fuel to the point where it becomes a liquid.
Since taking office in March 2017, Perry has drawn criticism from environmentalists for downplaying the role of human activity in the recent rise of the Earthâs temperature, arguing that natural cau ses are likely the main driver of climate change.
- EconomyAugust trade surplus revised down to EUR 31 mln
In August 2018, HungaryÊ¼s export volume rose by 0.5% and import volume by 3.9% compared to August 2017. The surplus was EUR 31 million, some EUR 401 mln less year-on-year, according to a second, revised estimate of data for the external trade in goods in August.Mon, Nov. 5, 2018, 13:27
- EconomyExports to Turkey and Greece booming
Data from Eurostat, the EUÊ¼s statistics office, indicate that exports between Hungary and Turkey increased by 13.8% from 2016 to 2017, and total trade volume by 19% in the last three years, while exports between Hungary and Greece increased 9.57%, and total trade volume by 10.11% during the same period.Wed, Oct. 31, 2018, 15:27
- Energy/environmentU.K. reaffirms commitment to nuclear energy at Budapest summit
The main day of the U.K.Ê¼s 4th CEE Nuclear Energy Summit took place Tuesday, aiming to deepen business connections between the U.K.Ê¼s largest firms and organizations in the nuclear energy field, while regional market players presented their newest developments, technological innovations, and trends in the sector.Wed, Oct. 31, 2018, 12:25
- BusinessMOLÊ¼s revenues, profits surge in third quarter
Third-quarter net income of Hungarian oil and gas company MOL rose 89% year-on-year to HUF 90.0 billion, supported by higher revenues, an earnings report published early Wednesday shows, Hungarian news agency MTI reported.Wed, Oct. 31, 2018, 08:26
- PoliticsU.S. ambassador releases statement on Pittsburgh shooting
U.S. Ambassador to Hungary David B. Cornstein released a statement Tuesday regarding the shooting incident at the Pittsburgh Tree of Life Synagogue, condemning violence and the corrosion of public discourse in America and the whole world, according to a press release sent to the Budapest Business Journal.Tue, Oct. 30, 2018, 13:16
- WhatsonU.K.âs 4th CEE Nuclear Energy Summit to run this week
The U.K.âs 4th CEE Nuclear Energy Summit, aimed at presenting opportunities in seven markets across the CEE region and Finland, will run from today to Wednesday, according to a press release sent to the Budapest Business Journal.Mon, Oct. 29, 2018, 09:19
Minister of Foreign Affairs and Trade Peter SzijjÃ¡rto pressed for closer cooperation between countries in Central, Eastern and Southern Europe to implement projects that boost energy security in the region, speaking at the Euro-Asian Energy Security Forum in Belgrade today, Hungarian news agency MTI reports.Fri, Oct. 26, 2018, 15:43
German companies in Hungary are less optimistic about the state of the economy in Hungary than half-a-year ago, according to research by the German-Hungarian Chamber of Industry and Commerce (DUIHK), according to a press release sent to the Budapest Business Journal.Fri, Oct. 26, 2018, 10:19
The Budapest Energy Summit 2018 (BEST) will run between December 3-6 in Budapest Marriott Hotel, according to a press release sent to the Budapest Business Journal by the organizers.Fri, Oct. 26, 2018, 10:00
Energy company Veolia Hungary has announced the creation of its own virtual power plant (VPP) portfolio, with the acquisition of a 51% ownership share in CHP ErÅ'mÅ± Kft. representing the first step in the process, according to a press release sent to the Budapest Business Journal.Wed, Oct. 24, 2018, 13:21
- power plant