Energy

Energy Trade

Russia, Ukraine reach new gas deal at 38% higher price

Russia and Ukraine have agreed on a natural gas supply deal, under which Ukraine will raise its payments to Russia...

Energy Trade

Hungary: Gas prices to rise 5%

There will be a 5% gas price hike as of January 1, 2008, said Economy Minister János Kóka on Saturday,...

Energy Trade

Hungary: Gas prices to rise 5%

There will be a 5% gas price hike as of January 1, 2008, said Economy Minister János Kóka on Saturday,...

Green Energy

Polish prime minister visits Lithuania for talks on power

Visiting Polish Prime Minister Donald Tusk on Friday repeated Warsaw’s commitment to a power bridge between Poland and Lithuania and...

Green Energy

Polish prime minister visits Lithuania for talks on power

Visiting Polish Prime Minister Donald Tusk on Friday repeated Warsaw’s commitment to a power bridge between Poland and Lithuania and...

Energy Trade

LUKoil starts gas production at Uzbekistan’s Khauzak

Russia’s largest independent crude producer LUKoil has started producing gas from the Khauzak field in southwest Uzbekistan, the company’s CEO...

Energy Trade

LUKoil starts gas production at Uzbekistan’s Khauzak

Russia’s largest independent crude producer LUKoil has started producing gas from the Khauzak field in southwest Uzbekistan, the company’s CEO...

Energy Trade

Gazprom and Germany’s BASF form JV

Gazprom and German chemicals giant BASF AG have formed a joint venture Gazprom NSGP Trading, the press office of the...

Energy Trade

Gazprom and Germany’s BASF form JV

Gazprom and German chemicals giant BASF AG have formed a joint venture Gazprom NSGP Trading, the press office of the...

Green Energy

EBRD supports Italians for hydro power project in Bulgaria

European Bank for Reconstruction and Development (EBRD) signed on Monday, an agreement to extend €54 million loan to Italian energy...

Green Energy

EBRD supports Italians for hydro power project in Bulgaria

European Bank for Reconstruction and Development (EBRD) signed on Monday, an agreement to extend €54 million loan to Italian energy...

Energy Trade

E.ON gas unit sees only limited price hikes-report

Fallout from Russian gas price hikes for European customers should be limited because long-term contracts are linked to oil prices,...

Energy Trade

E.ON gas unit sees only limited price hikes-report

Fallout from Russian gas price hikes for European customers should be limited because long-term contracts are linked to oil prices,...

Energy Trade

Turkmen gas price for Russia could jump 30% in 2008 – Gazprom

Turkmenistan plans to raise its natural gas price for Russia by at least 30% to $130 per 1,000 cubic meters...

Energy Trade

Turkmen gas price for Russia could jump 30% in 2008 – Gazprom

Turkmenistan plans to raise its natural gas price for Russia by at least 30% to $130 per 1,000 cubic meters...

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...