Energy

Energy Trade

Statoil may be given Shtockman rights

Norwegian Statoil may be given a 10% share in the development of the large Russian gas field Shtockman in the...

Energy Trade

Venezuelan president promises $18 bln of gas investment

Venezuelan President Hugo Chavez said on Sunday his government will spend $18 billion over next five years to satisfy internal...

Energy Trade

Hungary, France call for EU energy policy

French President Nicolas Sarkozy called here Friday for a real European Union energy policy, at a news conference held jointly...

Green Energy

Czech power giant CEZ wants to build plant in Vietnam

A subsidiary of the state-run Czech power giant CEZ, Skoda Praha, seeks to build a coal-fired power plant in Vietnam...

Green Energy

Lithuania, Czech promote possible joint energy strategy

The Czech Republic and Lithuania agreed that it is necessary to more intensively negotiate within the EU about a possible...

Energy Trade

Gazprom to pick another partner for Shtokman by mid October

Gazprom plans to pick another partner in a project to develop the Shtokman natural gas field in the Arctic, a...

Energy Trade

Liberalizing EU gas market will put supply at risk

The European Commission’s efforts to liberalize Europe’s energy markets and reduce dependence on Russian gas imports will increase the risk...

Energy Trade

Gassco planning gas pipeline expansion

Norwegian gas network operator Gassco has revealed that the capacity of the Skanled gas pipeline that will connect Norway to...

Energy Trade

Ascent Resources finalizes Hungarian JV with MOL Rt

Hungarian oil and gas company MOL Nyrt says it has signed a gas exploration agreement with PetroHungaria Ltd, a subsidiary...

Energy Trade

Russian oil companies bid for oil deposits in Libya

Three Russian companies - Gazprom, Lukoil and Novatek - will participate in the fourth round of bidding for the right...

Energy Trade

Gazprom pushes Exxon on gas sales

Gas export monopoly Gazprom said Tuesday it needed gas from ExxonMobil’s Sakhalin-1 project for domestic use, mounting pressure on the...

Energy Trade

Gazprom plans gas field talks with E.ON

Gazprom deputy CEO Alexander Medvedev will meet with officials from German utility E.ON to discuss deadlocked talks on a gas...

Green Energy

Hungary: Fodor against hydroelectric plant plan for Zemplén

Hungarian Environment Minister Gábor Fodor recently said he is „not enthusiastic” about plans to build a pumped-storage hydroelectric power plant...

Energy Trade

Russia: Fines increase for burning associated gas at oil wells

The Ministry of Natural Resources wants to increase payments for burning associated natural gas at oil wells fivefold. By 2011,...

Energy Trade

World Bank says global gas flaring amount to $40 billion

World Bank says global gas flaring amount to $40 billion annually at US market value; Emits some 400 million tons...

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...