Energy

Energy Trade

Gazprom to invest $420 bln by 2030

Gazprom will invest $420 billion in the gas sector by 2030 to ensure enough supplies to the domestic market and...

Green Energy

Endesa to construct Spain’s largest solar energy plant

The power generation arm of Spanish utility Endesa has received a municipal permit to build a 20.1MW photovoltaic solar energy...

Green Energy

IBM to establish center of excellence for nuclear power in France

US-based IT firm IBM has announced that it is to establish a global center of excellence for nuclear power in...

Energy Trade

Shell Hungary to sell natural gas

Shell Hungary opened its natural gas wholesale branch, said director István Varga at a press conference in Budapest yesterday....

Energy Trade

Gazprom negotiates for a share in Hungarian Emfesz

The Hungarian natural gas trader Emfesz Kft, which belongs to Gazprom's partner in RosUkrEnergo Dmitry Firtash, has received permission to...

Energy Trade

Nord Stream requires new influx

Gasunie has to expand the assets it will exchange with Gazprom. Its shareholders have approved a number of agreements on...

Energy Trade

EU bets all on Nabucco, shrugs off South Stream

The European Commission said it is not against Russia's plans to construct the South Stream pipeline, but it is not...

Energy Trade

South Stream pipeline no threat to Nabucco – extended

Russia's South Stream pipeline project is not politically motivated and does not threaten Nabucco, Europe's $6 billion gas pipeline project...

Green Energy

Russia, France to register JV to produce NPP equipment

Russia's Atomenergomash and France's Alstom are expected to sign Friday constitutive documents establishing a joint venture to manufacture half-speed turbines...

Green Energy

New power plant in Russia’s Far East operational by yearend

A large hydroelectric plant currently under construction in Russia's Far East will become operational by the end of this year,...

Energy Trade

Gazprom to dominate EU spot contracts

RosUkrEnergo and Gazprom Export are drafting a contract for Gazprom to sell 4 billion cu. meters of gas from the...

Energy Trade

Development of two new gas fields under way in western Ukraine

The development of two new natural gas fields has started in western Ukraine's Lvov Region, the press service of state-owned...

Energy Trade

Bulgaria ready to join South Stream pipeline project

Bulgaria's president said his country would participate in the construction of a new natural gas pipeline under the Black Sea....

Energy Trade

Russian gas giant to buy out BP from Siberian gas field – extended

British Petroleum (BP) has agreed to sell its interests in the East Siberian Kovykta gas field to Russian gas giant...

Energy Trade

BP close to Siberia deal

BP is set to strike a deal with the Kremlin over the future of its huge Siberian gas project, while...

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...