Thursday, December 6

Breathtaking vision to join gas networks of 8 countries!

I personally like people who paint grand visions which are realistic at the same time. When you hear about it, you go, bloody hell, it makes perfect sense and why on earth did nobody think of it before? Its not like proposing a vision to setup holiday camps on venus, but to join the gas networks of 8 countries. For core infrastructure like this, it is a scale matter, and bigger the scale, the better it is. And it provides energy security to Europe by providing an alternative to Russia. I quote:

Mol, the Hungarian oil and gas company facing a take-over bid from OMV of Austria, has proposed a merger of the gas transmission businesses of eight countries in central and south-east Europe to form a new $10bn company that could be floated on the stock market.
The radical project, given the working name of the New Europe Transmission System, would create one of the biggest gas networks in Europe. It would bring together the pipeline systems of Hungary, Romania, Bulgaria, Slovenia, Croatia, Serbia, Bosnia-Herzegovina and Austria.
Mol says unifying the networks would encourage investment, build connections between countries and create a single gas market in the region. It would also help open up alternatives to Russian sources of supply, such as the Nabucco project to bring gas from the Caspian region to the European Union.

Execution will be tough, but hey, so is any great and wonderful thing!, go for it!

Read, wonder and hope!

All this to be taken with a grain of piquant salt!!!

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