Energy

Energy Trade

TNK-BP to spend $1 bln over 5 years on associated gas processing

Russian-British joint oil venture TNK-BP intends to spend more than $1 billion over the next five years on associated petroleum...

Energy Trade

Gazprom doesn’t hold any negotiations concerning RussNeft acquisition

Gazprom doesn’t hold any negotiations concerning RussNeft acquisition, affirms Alexander Anenkov. He also said that the transaction is possible and...

Green Energy

Hungary energy liberalization: failing to make real progress

Hungary's power sector is to open in July, but the market setup may obscure any expected benefits....

Energy Trade

Gazprom says gas production could reach 670 bln cu m in 2020

Gazprom could produce 670 billion cubic meters of natural gas annually by 2020, 14% more than previously planned, a deputy...

Energy Trade

Turkmenistan open oil, gas to Russia

Turkmenistan is capitalizing on its revamped friendship with Russia as oil deal talks with two Russian firms move forward....

Energy Trade

DualEx updates exploration program in Hungary

DualEx Energy International Inc. announces that the drilling of its VAM-1 exploratory well in the Pannonian Basin of northeast Hungary...

Energy Trade

Rosneft to invest $1.2 bln in fleet for Far East shelf deposits

Russian state-controlled oil giant Rosneft plans to spend $1.2 billion on the construction of ships to develop oil fields off...

Energy Trade

Nabucco pipeline to deliver Azerbaijani gas to Europe by 2011

Baku has expressed readiness to be a player in the proposed Nabucco pipeline, following a visit to the Azeri capital...

Energy Trade

Kazakhstan sees Russia as partner on energy market

Kazakhstan sees Russia as a partner on the hydrocarbon market rather than a competitor, the leader of the oil-rich Central...

Energy Trade

Falcon’s operational update on Makó-6 and Magyarcsanád

Falcon Oil & Gas Ltd. has issued an operational update as part of its ongoing commitment to public disclosure. Falcon...

Energy Trade

E.ON Ruhrgas to participate in new LNG terminal

International gas company E.ON Ruhrgas has signed a basic agreement on a new liquid natural gas terminal in Le Havre,...

Energy Trade

Nabucco may not be possible without Russia

The most critical issue related to the Nabucco pipeline, which is valued highly by Turkey for the energy security of...

Energy Trade

Russia’s Gazprom Neft, Norway’s Statoil set for oil partnership

Gazprom Neft, a subsidiary of Russian energy giant Gazprom, and Norway's Statoil will team up in oil prospecting and output...

Energy Trade

The first gas field of „west to east gas transportation” completed

The PetroChina Tarim Oilfield Company announced that by the end of May, the first set of six gas fields in...

Energy Trade

Dutch minister to hold talks on Gasunie role in Nord Stream

The Dutch economics minister said she would discuss prospects for Dutch infrastructure and transport firm N.V. Nederlandse Gasunie’s involvement in...

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...