Wine is one of the utmost popular drinks consumed worldwide. The escalating demand for wine, because of its unusual taste and health assistances is one of the key aspects boosting the growth of the global wine market. The global wine mar…
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.