Energy

Energy Trade

Gazprom pays for part of Belarus pipeline ahead of schedule

Russia's state-controlled gas monopoly Gazprom Monday paid $625 million to Belarus, the first 12.5% stake in gas pipeline operator Beltransgaz...

Energy Trade

Construction of gas pipeline around Caspian to start in 2008

Russia's prime minister said Friday the construction of a pipeline to pump Central Asian gas along the Caspian Sea coast...

Energy Trade

Gaz de France intends to sell Azeri gas in Italy and Romania

The delegation led by Alain Azouaou, Director General of Gaz de France has today been received at the Industry and...

Energy Trade

Gazprom aims to become key oil and gas player on Sakhalin Island

Russian energy giant Gazprom said it aims to become a major oil and gas producer and distributor on Sakhalin Island...

Energy Trade

Gazprom goes after 10% of UK gas market

Russia's gas giant may co-build power stations in this country, its UK chief told Russell Hotten. But British firms should...

Energy Trade

Turkey negotiates with Gazprom to get Nabucco going

Turkey is negotiating with Russian giant Gazprom to carry natural gas from a multinational pipeline project, Nabucco, that plans to...

Energy Trade

German company to offer western gas supplies Poland

A German company is today expected to offer Poland a way to become less dependent on Russian gas, in a...

Energy Trade

Largest gas field discovery may be declared soon

PetroChina, the country's top oil and gas producer, is soon expected to announce China's largest natural gas discovery, which may...

Energy Trade

China to regulate natural gas imports from June 10

The Chinese government plans to introduce new measures on June 10 to regulate imports of natural gas in order to...

Energy Trade

Gazprom sweeps the Austrians off their feet

The main issue on President Vladimir Putin's agenda in Vienna was economic cooperation, predominantly gas supplies and increased gas transit...

Energy Trade

Gazprom completes first leg of Austrian gas storage with partners

Gazprom said Thursday it had completed the construction of the first section of the Haidach underground gas storage facility in...

Energy Trade

DualEx announces spud of VAM-1 well in Hungary

DualEx Energy International Inc. announced that the Company and its partners, PetroHungaria and PetroPequina, commenced drilling, on May 23, 2007,...

Green Energy

Germany’s E.ON, Russia’s STS set up power JV in West Siberia

Germany's E.ON, the largest power company in Europe, and Russian energy corporation STS announced Thursday the establishment of a joint...

Energy Trade

Putin: Russia, Austria to open gas storage facility

Russia and Austria will open a large natural gas storage facility with a holding capacity of 2.4 billion cubic meters...

Energy Trade

Gazprom: Nord Stream pipe could be gas supply alternative

The Nord Stream gas pipeline to run from Russia to Europe along the Baltic seabed could be used to reroute...

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...