The Hungarian Gas Turbines Industry

Paper Summary:

The paper relates that the gas turbine industry is considered by many to be one of the most dynamic segments in the power generation industry. The paper examines the Hungarian energy market and discusses its strengths and weaknesses. The paper concludes with a recommendation for direct investment in Hungary in this industry, given the potential of the market and the perspectives for its development in the future.

From the Paper:

"The Hungarian energy market is continuously growing to keep up with the diversification of the economy and with the constant increase in the level of industrial modernization. One of the threats for Europe and Hungary in terms of the gas turbine market is the high dependency to Russian energy sources. Indeed, as the recent energetic crisis have shown, the countries in Central and Eastern Europe are depending on Russian gas transports, as well as on the prices that Gazprom, the large Russian energy holding, sets."

Sample of Sources Used:

• Alcoa's Hungary operation ships first order of turbine airfoils. 2006. On the Internet at http://www.thefreelibrary.com/Alcoa's+Hungary+operation+ships+first+order+of+turbine+airfoils-a0153762888. Last retrieved on February 5, 2007
• Alcoa's Hungary Operation Ships First Order of Turbine Airfoils. Business Wire. August 29, 2006. On the Internet at http://www.alcoa.com/global/en/news/news_detail.asp?newsYear=2006&pageID=20060829005060en. Last retrieved on February 5, 2007
• Siemens to supply turbomachinery equipment for the oil and gas industry. March 2006. On the Internet at http://www.prdomain.com/companies/S/Siemens/newsreleases/20063229659.htm. Last retrieved on February 5, 2007
• Ishii, Jun. Technology Adoption and Regulatory Regimes: Gas Turbine Electricity Generators from 1980 to 2001. Center for the Study of Energy Markets. March 2004. Page 27
• MINERAL RESOURCE SITUATION OF HUNGARY. Hungarian Geological Survey - 2002. On the Internet at http://www.mgsz.hu/english/mineral/mineral_3.html. Last retrieved on February 5, 2007

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