Energy

Energy Trade

Total studies an LNG receiving terminal in Croatia

Total SA announces the formation of the new company, Adria LNG, to study the construction of a regaseification terminal for...

Energy Trade

Russia to cut gas to Ukraine – Gazprom

Ukraine, which transports 80% of Russian gas supplies to Western Europe, if Kiev does not pay over a billion dollars...

Green Energy

Iberdrola Renovables starts construction of new wind farm

Iberdrola Renovables has begun construction of the O Vieiro wind farm near the towns of Bande and Verea in Orense...

Green Energy

Hungary’s Pannonplast goes geothermal

Pannonplast Zrt plans to cooperate with VGK-Hönnun of Iceland to construct power plants using geothermic energy in Hungary, Pannonplast announced....

Energy Trade

Italy’s gas system may crash in crisis, Enel CEO says

Italian power company Enel’s CEO Fulvio Conti has said that the country’s natural gas supplies are vulnerable and that the...

Energy Trade

Russia’s Novatek buys 50% in Egypt offshore gas field

Russia’s Novatek said Thursday it had bought 50% in a concession agreement for oil and gas exploration and development of...

Energy Trade

Gazprom might have to pay more for Turkmen gas

Turkmen President Gurbanguly Berdymuhammed began his first visit to the US by acknowledging there is tension in the gas talks...

Energy Trade

Russian, German firms win pipe tender for Nord Stream

German and Russian manufacturers will supply the pipes for the first stage of the trans-Baltic project to bring Russian natural...

Energy Trade

Naftogaz of Ukraine eager to do business with Beltransgaz, Belorusne

National gas and oil monopoly Naftogaz of Ukraine is interested in accomplishing joint projects together with Belarusian gas company Beltransgaz...

Energy Trade

Brazil confirms light oil discovery

Brazil’s state-owned Petrobras confirmed on Thursday the existence of light oil in a second well in the Tupi exploration area...

Energy Trade

Letter from Europe: Guessing game focuses on European energy

A new Great Game is unfolding in Central Asia, where the British and Russian empires contended for supremacy over this...

Green Energy

E.ON, Turcas to build 800MW power plants in Turkey

E.ON AG, Germany’s biggest utility, and Turkish energy company Turcas Petrolculuk AS plan to build and operate two 800-megawatt power...

Green Energy

Biomass: A quiet leader in renewable energy

Despite two thirds of all renewables in Europe coming from wood, waste and agricultural crops, the biomass sector is still...

Energy Trade

Hungary: E.ON to launch major capacity expansion

In 2009 natural gas storage company E.ON Földgáz Storage Zrt will complete the expansion of its storage capacity in Hungary...

Energy Trade

Hungary urges faster work on Nabucco

Hungarian Prime Minister Ferenc Gyurcsány on Friday called for faster work on the planned Nabucco pipeline, which would carry natural...

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...