Energy

Energy Trade

Eni signs new agreement for ventures in Libya

The overall investment associated with the agreed work programs is in the range of $28 billion over 10 years....

Energy Trade

Lukashenko says Nord Stream makes no sense

Belarus told Russia on Friday that it was making a mistake to build a gas pipeline under the „minefield” of...

Green Energy

Increased use of cogeneration in Hungary drives GE Energy’s Jenbacher Gas Engine orders

GE Energy’s Jenbacher gas engine business has supplied 12 of its 3-megawatt (MW), natural gas-fueled engines for the largest district...

Energy Trade

Belarus offers Gazprom free gas transit if it builds pipelines

Belarusian President Alexander Lukashenko proposed that Russia start to build a second leg of a pipeline delivering natural gas to...

Energy Trade

Colombia, Venezuela inaugurate binational gas pipeline

The Presidents of Colombia and Venezuela, Alvaro Uribe and Hugo Chavez, inaugurated on Friday a binational gas pipeline at a...

Energy Trade

Gazprom after new projects in Venezuela

Gazprom discussed its possible involvement in new projects in Venezuela at negotiations in the South American country, Russia’s state-controlled natural...

Green Energy

Belarus reaffirms plans for first nuclear power plant

Belarus’s president reaffirmed on Thursday plans to build the ex-Soviet state’s first nuclear power plant to ensure energy security against...

Green Energy

Iberdrola to build 150 MW Egyptian thermal solar plant

Spain’s Iberdrola Ingeniería y Construcción signed a contract with Egypt’s national renewable energy authority for the construction of a 150...

Energy Trade

Turkey closer to becoming energy bridge between East-West

Erdoğan and Karamanlis are expected to meet in coming weeks for the inaugration of a pipeline that will carry Azerbaijani...

Energy Trade

Gazprom considers buying into Serbian state oil monopoly NIS

Russian energy giant Gazprom said on Tuesday it is considering bidding for a stake in state-owned Serbian oil monopoly Naftna...

Energy Trade

Serbia in talks with Gazprom over new pipeline

Alexei Miller, who chairs the Management Committee of Russia’s single largest oil and gas company, Gazprom, arrived in Belgrade on...

Green Energy

Parliament passes lex MOL

The Hungarian Parliament approved an anti-takeover legislation aimed at preventing the takeover of Hungarian companies judged to be of strategic...

Green Energy

UK: Protestors ‘seize’ power station

Environmental group Greenpeace says 50 of its campaigners have „taken over” a power station in Kent. A statement on the...

Energy Trade

Gaz de France invest in Romania’s gas storage

Gaz de France acquires a 59% stake in Depomures, the second-largest Romanian natural gas storage operator that runs the facility...

Green Energy

Italy’s Enel set to invest up to $9 bln in Russia’s power sector

Italy’s Enel intends to invest about $9 billion in the Russian electric power generation, transportation and sales market, the company’s...

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...