Follow Algora Telegram story:

Mr. Orban of Hungary is in big trouble. Compared to some 9 bcm of gas in 2022, Hungary’s imports in January 2025 are down to about 2+ bcm: 1 bcm through the Croatian terminal at Krk, something less less than 1 bcm from Azerbaijan, 0.75 bcm through the Turkish pipeline from Russia (that’s only 3% Hungary’s needs) and maybe a bit more through Poland. All imports at much higher prices. 

These cuts come on top of the loss of 19 billions Euros of European funds, with more penalties to come. 

And all of that before the upcoming elections a year from now. 

Read more here.

As for Moldova, of the electricity needs in the Republic of Moldova, 62% will be covered by imports from Romania. In January 2025, Moldova’s electricity consumption needs (on the Right Bank of the Dniester River) will be covered by a combination of local production and imports from Romania, according to an announcement by SA Energocom. Thermal power plants in Chisinau and Balti will generate over 127,000 MWh, which represents about 28% of the forecast consumption. Also, renewable energy, coming from both fixed tariff installations established by ANRE and from the free market, will add another 46,000 MWh (about 10%). However, production from renewable sources such as wind and solar energy depends on weather conditions and cannot be considered a constant source. Of the total imports from Romania, 178,000 MWh (about 39%) will be purchased on the Opcom exchange, and 105,000 MWh (about 23%) will come from bilateral contracts.

Meanwhile, all the industrial production in Transnistria has been shut down. The local power plant has been converted from gas to coal still providing electricity. The existing reserves are expected to last 60 days.