Energy

Green Energy

China sets up State Nuclear Power Technology Co

The State Nuclear Power Technology Co., co-funded by the State Council and four large state-owned enterprises including China National Nuclear...

Energy Trade

Hungary grants Falcon Oil & Gas long term production licence

Hungary's mining authority has granted British Columbia-based Falcon Oil & Gas Ltd. a long-term production licence....

Green Energy

Power generating firms to offer new share issues in summer

Two power generating companies controlled by Russia's electricity monopoly Unified Energy System will offer newly issued shares to investors this...

Energy Trade

Gazprom, Norway in talks on Shtokman gas project

Gazprom said Monday it was in talks with Norway on prospects for cooperation in developing hydrocarbons in the Arctic region,...

Energy Trade

LUKoil to spend $1 bln on associated gas processing facilities

Russia's largest independent oil company, will spend $1 billion over the next 10 years on associated gas processing facilities, the...

Energy Trade

Gazprom signs deal to buy 50% stake in Beltransgaz for $2.5 bln

Gazprom signed a deal Friday to purchase a 50% stake in Belarusian pipeline operator Beltransgaz for $2.5 billion, the Russian...

Energy Trade

Gazprom expects to sign deal for stake in Belarus pipeline firm

Russian energy giant Gazprom said Friday it expects to sign a share purchase deal with Belarusian pipeline operator Beltransgaz by...

Energy Trade

Croatia, Hungary plan sea gas terminal

Croatia and Hungary pledged on Thursday to intensify cooperation on the construction of a gas terminal at a Croatian port....

Energy Trade

Latvia favors laying Nord Stream pipeline onshore rather than seabed

Latvian authorities support plans to lay the Nord Stream gas pipeline from Russia to Europe onshore rather than across the...

Energy Trade

Hungary’s MOL teams up with ExxonMobil

Hungarian energy firm Mol Nyrt on Thursday said it had agreed to team up with ExxonMobil to research basins in...

Energy Trade

Putin may eye career with Gazprom

While Prime Minister Tony Blair remains uncertain about his next career move, Russian President Vladimir Putin may have less uncertainty...

Energy Trade

Natural gas reserves discovered in Romania

Romania’s Petrom Co. announced Monday it has discovered natural gas and condensed gas reserves in eastern Romania, and exploitation could...

Energy Trade

Russia, Kazakhstan, Turkmenistan agree on Caspian gas pipe–2

Russia, Kazakhstan and Turkmenistan agreed to build a gas pipeline along the Caspian coast and will sign the deal by...

Energy Trade

Petrom to buy Shell LPG business in Romania

Romanian oil company Petrom has announced that it has decided to exercise its pre-emption right regarding the purchase of a...

Energy Trade

Putin to lobby gas pipe via Russia in Turkmenistan, Kazakhstan

Russia's president is starting his trip to energy-rich Kazakhstan and Turkmenistan Thursday to promote a gas pipeline project going through...

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...