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BMI View: Slovenia's upstream sector remains close to inexistent, with little to no oil or gas production
within our forecast period. While there is upside risk in the gas segment attributed to the Ascentoperated
Petiovci tight gas project, the initiative faces continued regulatory and funding headwinds.
Overall volumes are likely to be relatively modest in the case of project realisation, with imported Russian
gas set to dominate supply for the foreseeable future.
The main trends and developments in Slovenia's oil and gas sector are:
? There is evidence of commercial gas deposits close to the Hungarian border that can be exploited for
power generation purposes. However, given project delays, we do not include it within our reserves or
production forecast. The country's upstream reserves currently remain extremely limited.
? Slovenian natural gas production will remain limited throughout our forecast period, thanks to the lack of
upstream development in the country. While the long-delayed Petiovci project poses upside risk to our
forecast, we maintain our more modest outlook, given continued financial and regulatory delays
associated with the initiative.