Austrian Energy

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Hungarian energy group MOL buys OMV’s Slovenian service stations

Ljubljana – Hungarian energy group MOL has acquired a network of 120 service stations operated by Austrian energy group OMV in Slovenia, subject to regulatory approval. The purchase consideration for the outright stake in the company OMV Slovenija is EUR 301 million, MOL announced on Tuesday.

OMV Wants to Sell its 287 Gas Stations in Germany

The Austrian energy company OMV wants to sell its 287 gas stations in Germany. The company announced its intentions in Vienna on Thursday. "With this possible sale of the OMV gas station business in Germany, OMV Aktiengesellschaft is actively moving towards managing its portfolio in the direction of sustainable and profitable growth," the statement said.

Analyst Explains Role of Different Countries in Turkish Stream

Earlier this week, Kommersant daily cited sources as saying that the Russian gas giant Gazprom announced plans to extend the Turkish Stream pipeline to Bulgaria, then Serbia, Hungary and Slovakia. The Bulgarian and Serbian routes are expected to be put in operation in 2020, followed by Hungary in 2021 and Slovakia in mid-2022, reports Sputnik.