Tagged energy

President Putin’s visit to Budapest on 17 February has raised eyebrows externally and provoked protests within Hungary. Many Hungarians feel that their country is drifting to the East, while its present and future lies with the West. Prime Minister Orban does have some valid points for explaining his association with Mr. Putin. What is more worrisome in the long-run is the authoritarian affinities between the two.

Stable energy prices and a smooth supply of gas are a priority for Europeans, according to a special EU opinion poll on climate change held last year. The European Commission under its current president, Jean-Claude Juncker, seems to have heeded the concerns of Europeans and crafted a grand plan to form an energy union that would reduce dependency on Russian gas while fighting climate change. The energy union focuses on five different areas, also called dimensions, but the first one, security of supply, is by far the one that weighs more heavily in terms of EU’s foreign policy. It basically aims at reducing the dependence on imports.

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