Over the last six months, Russia’s attempt to seize control of MOL (Hungary’s major energy company) has generated more plot twists than a telenovela.
Budapest has asked the real owner of Surgutneftegaz – the buyer – to step forward. Yet whispers continue that Hungary could experience “technical difficulties” along the Druzhba oil pipeline if the government continues to resist.
Meanwhile, everyone is holding their breath for a new energy dispute in Ukraine, possibly coinciding with a presidential election. Either way, we're settling in for a long winter. Energy crisis season is upon us.
More hot cocoa anyone?