Energy

Energy Trade

TNK-BP, Gazprom to close Kovykta gas field deal by late April

TNK-BP will close a deal to sell a stake in the East Siberian Kovykta gas condensate field to Russian energy...

Energy Trade

TNK-BP, Gazprom to close Kovykta gas field deal by late April

TNK-BP will close a deal to sell a stake in the East Siberian Kovykta gas condensate field to Russian energy...

Energy Trade

Fitch release on Kazakh oil, gas industry

Fitch Ratings has today said that an increased state role in the Kazakh oil and gas industry announced recently by...

Energy Trade

Fitch release on Kazakh oil, gas industry

Fitch Ratings has today said that an increased state role in the Kazakh oil and gas industry announced recently by...

Energy Trade

Gazprom may coordinate Central Asian gas price by July 1

Gazprom could coordinate the price for Central Asian natural gas which it supplies primarily to Ukraine by July 1, a...

Energy Trade

Gazprom may coordinate Central Asian gas price by July 1

Gazprom could coordinate the price for Central Asian natural gas which it supplies primarily to Ukraine by July 1, a...

Energy Trade

StatoilHydro makes fourth gas discovery on Hassi Mouina license

Norway’s StatoilHydro and Algeria’s Sonatrach have tested natural gas from Lower Carboniferous and Upper Devonian sandstones in their fourth exploration...

Energy Trade

StatoilHydro makes fourth gas discovery on Hassi Mouina license

Norway’s StatoilHydro and Algeria’s Sonatrach have tested natural gas from Lower Carboniferous and Upper Devonian sandstones in their fourth exploration...

Energy Trade

Interview: Gazprom to triple Shtokman gas output by 2020

Gazprom plans to double gas output from its Shtokman field within three years of launching the giant offshore project in...

Energy Trade

Interview: Gazprom to triple Shtokman gas output by 2020

Gazprom plans to double gas output from its Shtokman field within three years of launching the giant offshore project in...

Green Energy

Turkey wants nuclear power station bids by Sept 24

Turkey has set a deadline of Sept. 24 for bids in a tender to build the country’s first nuclear power...

Green Energy

Turkey wants nuclear power station bids by Sept 24

Turkey has set a deadline of Sept. 24 for bids in a tender to build the country’s first nuclear power...

Energy Trade

Egypt to sell oil, gas exploration licenses in south

Egypt said on Sunday it would sell oil and gas exploration and production rights in twelve areas around the country’s...

Energy Trade

Egypt to sell oil, gas exploration licenses in south

Egypt said on Sunday it would sell oil and gas exploration and production rights in twelve areas around the country’s...

Energy Trade

OMV pursues bid for MOL in fight against Gazprom

Wolfgang Ruttenstorfer spreads out a large map of Europe between us and, like a general planning a military campaign, his...

Energy

Energy Transition Puts Grid Investment, Regulatory Reform in Focus

Hungary’s next energy challenge is integrating its expanding renewable capacity into a reliable, flexible electricity system. E.ON’s Guntram Würzberg discusses...

Energy

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

Green Energy

MOL Opens HUF 2.7 bln Biomethane Unit in Szarvas

Hungarian oil and gas company MOL inaugurated a new HUF 2.7 billion biomethane unit at its biogas plant in Szarvas,...

Energy

EU Funding Upgrades the Electricity Grid, the Foundation of the Future Energy System

The energy transition’s next phase is about delivering renewable electricity where and when it is needed. That requires greater grid...

Green Energy

Geothermal Energy: ‘Enormous’ Potential in Europe Still Awaiting Full Exploitation

Hungary boasts modest progress in exploiting geothermal energy at the Budapest summit, while experts highlight many conundrums hampering development across...

Energy Trade

E.ON Launches HUF 230 bln Grid Upgrade to Support Hungary’s Energy Transition

E.ON Hungária Group has launched a nearly HUF 230 bln electricity network development program that will create 2,323 MW of...

Green Energy

Futureal Expands in Finland With 3 GW Renewable‑energy Portfolio

Futureal Energy Partners has partnered with Finnish renewable-energy developer Aurinkokarhu Oy to advance a 3 GW portfolio of solar, battery...

Green Energy

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...

Energy Transition Puts Grid Investment, Regulatory Reform in Focus

Hungary’s next energy challenge is integrating its expanding renewable capacity into a reliable, flexible electricity system. E.ON’s Guntram Würzberg discusses...

Hungary Still EU’s Largest Buyer of Russian Pipeline Gas

Despite reducing its Russian pipeline gas purchases by 10%, Hungary remained the European Union's largest buyer in the first eight...

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

MOL Opens HUF 2.7 bln Biomethane Unit in Szarvas

Hungarian oil and gas company MOL inaugurated a new HUF 2.7 billion biomethane unit at its biogas plant in Szarvas,...

EU Funding Upgrades the Electricity Grid, the Foundation of the Future Energy System

The energy transition’s next phase is about delivering renewable electricity where and when it is needed. That requires greater grid...

Geothermal Energy: ‘Enormous’ Potential in Europe Still Awaiting Full Exploitation

Hungary boasts modest progress in exploiting geothermal energy at the Budapest summit, while experts highlight many conundrums hampering development across...

E.ON Launches HUF 230 bln Grid Upgrade to Support Hungary’s Energy Transition

E.ON Hungária Group has launched a nearly HUF 230 bln electricity network development program that will create 2,323 MW of...

Naftogaz, MOL Sign MoU on Fuel Storage in Hungary for Ukraine

Ukraine’s Naftogaz has signed a memorandum of understanding with Hungary’s MOL to explore developing petroleum product storage facilities near the...

Hungary Can Secure Gas Supply Without Russian Imports, Kapitány Says

Hungary could secure its gas supply without Russian imports by October 2027 if current conditions hold, Economy and Energy Minister...

E.ON Installs Four Battery Storage Systems to Support Solar Power and Grid Stability

E.ON Hungária Group has installed four battery storage systems with a combined output of 4 MW and storage capacity of...

MVM Introduces Dynamic Electricity Tariff

From Sep. 1, households and microbusinesses under universal service can voluntarily switch to energy company MVM's new dynamic tariff, which...

Paks Output Tops 800 MW as Record Drought, Heatwave Ease

Output at Hungary's Paks nuclear power plant rose above 800 MW on Sunday as conditions began to improve following the...

Hungary Targets Tenfold Expansion in Wind Power Capacity by 2030

Hungary’s long-stagnant wind energy sector could be set for significant expansion under a government package aimed at increasing installed capacity...

Futureal Expands in Finland With 3 GW Renewable‑energy Portfolio

Futureal Energy Partners has partnered with Finnish renewable-energy developer Aurinkokarhu Oy to advance a 3 GW portfolio of solar, battery...

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...