Eco-Friendly ingenuities are motivating huge growth in the industry of plant-based plastic packaging market. The industry is chiefly driven by eco-friendly characteristics of these plastic. North America is foretold to be the utmost reve…
BMI View: Slovakia has above-average energy import dependency compared with the regional average.
The country remains reliant on Russia but is actively pushing through several projects aimed at improving
bi-directional flows and establishing regional links for a regional gas market in Central and South East
Key Trends And Developments
? Slovakia is almost entirely dependent on Russian oil and gas imports for its domestic consumption, with a
total hydrocarbon import bill estimated at USD1.9bn in 2015, a strong decline on 2014 thanks to the fall
in oil and gas prices. There is little prospect for an increase in oil or gas production.
? While we expect the 130,000b/d Bratislava refinery will continue to run at high utilisation rates,
downside risk to refined fuels production exists, given the difficult context for European refiners as a
whole. However, the refinery's focus on diesel production could partially shield it from the negative
effect of increased gasoline production in the US. The country will remain a small net refined fuels
exporter throughout our forecast period.