Energy

Energy Trade

Russia announces big gas deal before Putin’s Central Asia tour

Russia will import 50 billion cubic meters of natural gas from Turkmenistan in 2007 and expects to build a gas...

Energy Trade

India may get 1% in Rosneft

Close on the heels of the ongoing bonhomie between India and the US, Russia has offered 1% equity worth $1...

Energy Trade

Gazprom says: Gas supplies to Europe unaffected by blast in Ukraine – extended

A blast, which earlier hit a Ukrainian stretch of Europe-bound natural gas pipeline owned by Russian energy giant Gazprom has...

Energy Trade

Denmark and Poland considering gas pipeline

Danish electricity and gas transmission network operator Energinet.dk has concluded an agreement with Polish oil and natural gas company PGNiG...

Energy Trade

Power struggle in the Iranian oil and gas resources too important to be ignored

Even though it is the foremost traded commodity in the world, oil is not like any other commodity. It is...

Green Energy

Bulgaria calls for strategic investment in new nuclear project

The National Electricity Company (NEC) of Bulgaria said in a statement Wednesday it is now open to offers from strategic...

Green Energy

PepsiCo going all renewable energy

PepsiCo announced the largest purchase of renewable energy certificates ever Monday, matching electricity used by all US company facilities....

Energy Trade

Ascent Resources announces recommencement of drilling in Hungary

Ascent Resources Plc, in conjunction with its partners, has started drilling the first of two further wells in the Nyírség...

Energy Trade

OMV signs agreement with NIOC for South Pars gas field

OMV, Central Europe’s leading oil and gas group, has signed a Heads of Agreement with the National Iranian Oil Company...

Energy Trade

Austria courts Iran, angers US

Washington has protested an Austrian oil and gas firm's investment plans in Iran. However, the Americans won't have much influence...

Green Energy

Putin orders govt. to establish nuclear energy co. by July 1

President Putin has ordered the government to set up a nuclear energy corporation by July 1, 2007 and transfer the...

Green Energy

Czech power giant CEZ inks a partnership agreement in Russia

The most profitable Czech company, the power giant CEZ, inked a strategic partnership agreement with Russian state- controlled power companies...

Energy Trade

Hungary still mulling Russian and EU-backed gas pipelines

The Hungarian government on Friday said that it remained undecided on whether to support the EU-backed Nabucco gas pipeline or...

Energy Trade

LUKoil plans to become second-largest gas producer in Russia

Russia's largest crude producer LUKoil plans to become the country's second-largest gas producer, the company vice president said at a...

Energy Trade

Turkey starts building new oil pipeline

Turkey on Tuesday began constructing a new oil pipeline that is expected to carry Russian and Kazakh oil from its...

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...