Energy

Energy Trade

MOL Reaches Agreements Securing Druzhba Crude Deliveries

Hungarian oil and gas company MOL on Monday announced that it concluded agreements to secure the continuous transport of crude...

Energy

Hungarian Gas Storage Levels Surpass EU Targets Throughout 2024

Hungary's gas storage facilities have consistently exceeded European Union (EU) requirements throughout the year, achieving all interim storage targets well...

Energy Trade

MOL Not informed of Any Changes to Druzhba Deliveries

Hungarian oil and gas company MOL has not received any indication that deliveries of crude through the Druzhba pipeline would...

Energy Trade

Ukraine May Halt Russian Oil Transit via Druzhba Pipeline Next January

Ukraine will stop the transit of Russian oil through the Druzhba pipeline across its territory beginning January 2025, according to...

Green Energy

Total Solar Production Reaches 3,242 MW

The total production of solar systems above 50 kW reached 3,242 MW on Friday, the Ministry of Energy Affairs announced...

Power

Paks II Project Reaches Another Milestone

Soil consolidation under the site of the number five block of the Paks nuclear power plant has finished and is...

Green Energy

Economy Minister Meets Korean Battery Execs

Minister of National Economy Márton Nagy received Yi Kang Myung, chairman, CEO and co-founder of the Korean battery industry group...

Business, Energy

MOL Makes 3 New Discoveries in Pakistan

Hungarian oil and gas company MOL announced three new gas discoveries in the TAL Block of Pakistan which the company...

Green Energy

Enlight’s 5th Solar Plant in Hungary Starts Ahead of Schedule

Enlight Renewable Energy Ltd. has commenced commercial operations at a 60-MW solar photovoltaic (PV) plant in Hungary, marking its fifth...

Power

Heat May Put Electricity Supply at Risk, Says Energy Ministry

The uneven and extreme load on the Hungarian electricity system during the heatwave days could even threaten power supply disruptions,...

Energy Trade

Hungary Crude Supply Secured With ‘Temporary Solutions’

Hungary's deliveries of crude have been secured with "temporary solutions" after Ukraine modified regulations to prohibit transit deliveries from Russia's...

Power

Paks II Work ‘Rumbling Ahead,’ Says Szijjártó

Minister of Foreign Affairs and Trade Péter Szijjártó said work on upgrading Hungary's Paks nuclear power plant was "rumbling ahead"...

Green Energy

Duna House Announces Launch of Energy Efficiency Business

Listed real estate broker Duna House announced the establishment of a business that will provide energy efficiency solutions to homeowners...

Energy Trade

Gas Consumption Falls to 4.37 bln Cubic Meters in H1

Gas consumption in Hungary reached 4.37 bln cubic meters in the first half, down 6.5% from the same period a...

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...

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...

Budapest Rooftops Could Generate 2.5 Times Paks Output, Mayor Says

Budapest rooftops could potentially generate energy equivalent to 2.5 times the output of the Paks nuclear power plant through solar...