Energy

Energy Trade

Energy agency calls on Hungary to diversify gas supplies

Claude Mandil, the head of the International Energy Agency, on Tuesday called for Hungary to diversify its sources of gas,...

Energy Trade

Gazprom plans to become world’s largest energy company

In the future Gazprom plans to become the world's largest energy company, said the general director of state-controlled gas monopoly's...

Energy Trade

Largest energy company in Hungary takes practical approach to Russia

Zoltán Hernádi will not forget the bitterly cold winter of 2006. As chairman of Mol Nyrt, the largest oil and...

Energy Trade

Hungary threatens EU’s gas pipeline plan

The European Union craves energy, but not to the extent that it wants to see members break ranks to secure...

Energy Trade

EU should help pay for Nabucco pipeline

The European Union should help pay the €5 billion ($6.7 billion) cost of constructing the Nabucco pipeline, which will carry...

Green Energy

E.ON wants gas power plant in Slovakia, mulls nuclear

E.ON AG, Germany's largest utility, will build a €200 million ($266 million) natural-gas power plant in Slovakia and is mulling...

Energy Trade

Libya raised gas exports to Italy, National Oil says

Libya, Africa's fourth-largest natural-gas producer, increased exports of the fuel to Italy because of higher demand and prices, Libya's state-owned...

Energy Trade

Gazprom may seek partnerships in Liquefied Natural Gas projects

OAO Gazprom, the world's biggest natural-gas producer, is seeking partnerships to market liquefied natural gas and gain access to LNG...

Green Energy

CEZ plans new spending, wider bio-fuel use to cut carbon output

CEZ AS, the largest power company in the Czech Republic, plans to triple its electricity production from renewable sources of...

Energy Trade

Europe’s natural-gas grid owners must cooperate

The companies that operate Europe's natural-gas networks need to work together to attract more investment and new supplies, said the...

Energy Trade

Libya to offer drilling rights to increase gas output – extended

Libya, holder of Africa's largest oil reserves, plans to offer exploration rights in 20 plots of land to increase natural...

Energy Trade

Nabucco will choose pipeline designer in april

The Nabucco pipeline project, which will carry natural gas from the Caspian to Western Europe, will hold a tender to...

Energy Trade

Naftogaz, Ukraine’s oil and gas Company, to invest $800 mln

NAK Naftogaz Ukrayny, Ukraine's state- run oil and natural-gas company, will invest $800 million this year in oil and gas...

Energy Trade

Statoil expects natural-gas contracts will remain linked to oil

Statoil ASA, Norway's largest oil company, expects prices for natural gas to remain linked to oil prices in European markets...

Energy Trade

Petrom plans to boost output by 40% by 2010

SNP Petrom SA, Romania's biggest oil company, plans to boost production by at least 40% in three years as it...

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...