Energy

Energy Trade

EU to convene think-tank meeting on Russia-Belarus gas dispute

The European Commission will convene a meeting of its gas coordination group next week to discuss Russia’s move to cut...

Energy Trade

E.ON acquires stakes from Shell

E.ON increases upstream activities by acquiring stake in Norwegian natural gas fields from Shell....

Green Energy

Hungary to build another nuclear power plant

To avoid having electricity become more expensive, Hungary plans to build another nuclear power plant....

Energy Trade

Russia looks to bypass, buy into gas transit states – extended

Tension between Russia and Belarus over a $500 million unpaid gas bill is another reminder - should Moscow need one...

Energy Trade

Hungary ready to use Ukraine’s underground gas storage facilities

The Hungarian Power Companies Ltd. is holding talks with a Ukrainian state company on the use of underground gas storage...

Energy Trade

EU competition office probe energy firms

European competition office have launched a formal investigation of German energy firm E.ON and Gaz de France (GDF) over claims...

Green Energy

Interros announces plans to sell 30.4% stake in Power Machines

Russian private investment group Interros informed the main shareholders in Power Machines Friday that it planned to sell its 30.4%...

Energy Trade

OGDCL negotiating oil JV in China

Pakistan’s Oil and Gas Development Co. Ltd. (OGDCL) is in talks for its first overseas joint ventures in China and...

Energy Trade

Italy, Greece, Turkey sign gas pipeline deal

Italy, Turkey, and Greece have signed an agreement to build a pipeline to bring natural gas from the Caspian and...

Energy Trade

Russia-UK row may be due to Gazprom expansion – chief auditor

Worsening Russia-UK relations could be partly due to energy giant Gazprom's new role in the Sakhalin II project in Russia's...

Energy Trade

Aurelian announces results of testing well Arbore-1 in Northern Romania

Aurelian Oil & Gas PLC, the exploration and production company focused on Central Europe, announces that testing of its Arbore-1...

Energy Trade

Belarus fails to pay for gas

Yesterday was the deadline for Belarus to pay its $450-million gas bill for the H1 of the year. It did...

Green Energy

Pellet and biomass plant in Szászberek, Hungary

A foreign investor group is to construct a pellet manufacturing plant and a biomass power plant in Szászberek, Jász-Nagykun-Szolnok county...

Energy Trade

The fight for energy resources in Black Sea region

The Black Sea represents one of the major stakes in the global competition for energy resources, concludes an analysis of...

Green Energy

E.ON UK submits application for 25MW biomass plant

The UK arm of German utility E.ON has submitted a scoping statement to build a £60 million biomass power station...

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...