Energy

Green Energy

CEZ says it will profit as Czech power rises to German levels

CEZ AS, the Czech Republic's biggest power producer, expects wholesale electricity prices in its home market to rise faster than...

Energy Trade

Gazprom renews talks with Conoco on Arctic gas field

OAO Gazprom renewed talks with ConocoPhillips about joining Gazprom's $20 bln Shtokman gas project, Russia's largest untapped deposit....

Energy Trade

Gazprom’s Sibur unit to invest $644 mln in gas refineries

OAO Gazprom's petrochemicals unit, OOO Sibur, plans to invest 16.9 bln rubles ($644 mln) upgrading petroleum gas refineries and new...

Energy Trade

Russia to auction oil prospects sought by Exxon Mobil

Russia will auction off Far East oil prospects that Exxon Mobil Corp. sought to include in its $17 bln Sakhalin-1...

Green Energy

CEZ seeks partners to build first Czech gas-fired power plant

CEZ AS, the Czech Republic's biggest power company, is seeking partners to build its first natural-gas-fired power plant as the...

Energy Trade

Japan finds 40 trillion cubic feet of gas hydrate reserves

Japan's government said an offshore field in the Pacific Ocean holds an estimated 40 trillion cubic feet of frozen natural...

Green Energy

Polish government to back investors in Lithuania nuclear plant

The Polish government agreed to support domestic companies willing to join a nuclear-power project in Lithuania to help diversify the...

Energy Trade

Polskie Gornictwo shares gain on Norway gas, oil plan, earnings

Polskie Gornictwo Naftowe i Gazownictwo SA shares rose the most in a month after the Polish gas monopoly said Q4...

Green Energy

OGK-5 to raise $400 mln in bonds, loan for power generation

OAO OGK-5, a Russian wholesale power generator based in Yekaterinburg in the Ural Mountains, plans to raise $400 million over...

Energy Trade

Gazprom allows BP unit to ship 1.7 bln cubic meters of gas

OAO Gazprom, Russia's natural-gas pipeline monopoly, gave BP Plc's Russian venture permission to ship 1.7 bln cubic meters of natural...

Energy Trade

IEA concerned Russia’s Gazprom isn’t increasing gas reserves

The International Energy Agency, which advises 26 petroleum-consuming countries, is concerned Russia's OAO Gazprom is not investing enough to increase...

Energy Trade

EU gas consumption fell in 2006 on warm weather, higher prices

European Union natural-gas consumption declined 1.1% last year because of warm weather, higher gas prices and improved energy efficiency, an...

Energy Trade

Japan, Russia agree to boost energy relations, trade

Japan and Russia pledged to strengthen reciprocal relations in oil and natural gas development and boost trade at a ministerial...

Energy Trade

Hungary to fully open up gas market from mid-2008

Hungary expects to genuinely deregulate its gas market from July 1, 2008, six months after the full deregulation of the...

Energy Trade

Norway-UK pipeline to get extra natural gas before October

Norsk Hydro ASA, Norway's second-largest oil producer, will start testing pumping natural gas from the Ormen Lange field before October,...

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...