Energy

Energy Trade

Gas storage project schedule announced

Oil and gas company MOL Nyrt said the planning and licensing processes for its strategic gas storage development are already...

Energy Trade

RWE plans €1 bln pipeline from Czech Republic to Belgium

RWE AG, Germany's second-biggest utility, plans to invest about €1 billion ($1.29 billion) to connect its Czech and German natural...

Energy Trade

Gas natural drops offer for Endesa, leaving E.ON as sole bidder

Gas Natural SGD SA, Spain's largest gas supplier, dropped its €24.8 billion- ($32.3 billion) takeover offer for Endesa SA, leaving...

Green Energy

RPG announces sale of Pannonpower shares

RPG, a private equity group with interests in coal mining, energy, transport and real estate assets in Central and Eastern...

Energy Trade

UK offers oil, gas exploration licenses to 104 companies

The UK government offered 104 companies new licenses to explore for oil and gas in its portion of the North...

Energy Trade

Lukoil finds „liquids” after drilling Saudi Arabian field

OAO Lukoil, Russia's largest oil producer, said it found „liquids” after exploration drilling of a field in Saudi Arabia near...

Energy Trade

Gazprom offers Chevron, Total second chance in Arctic – extended

OAO Gazprom, Russia's natural-gas export monopoly, will begin talks with foreign contractors next month to help develop its offshore Arctic...

Energy Trade

Gazprom mulls 3 LNG plants after Shell’s Sakhalin-2

OAO Gazprom, Russia's natural-gas monopoly, is considering three liquefied natural gas projects of its own after buying a controlling stake...

Energy Trade

European power, gas decline on forecast end to colder weather

European energy prices for the coming month fell on expectations this week's cold snap may abate by the end of...

Green Energy

Emfesz, Hungarian gas trader, to build $2 bln power plant

Emfesz Kft., a Hungarian natural-gas trader, plans to spend 400 bln forint ($2.05 billion) to build a power plant in...

Energy Trade

E.ON Földgáz Trade calls gas auction for March 1

E.ON Földgáz Trade Zrt, the Hungarian unit of E.ON Ruhrgas International, on Friday said it would offer 1.175 billion cubic...

Green Energy

Mol spending Ft 1 bln for geothermal power plant feasibility study

Hungarian oil and gas company Mol is spending Ft 1 billion to investigate the possibility of building a geothermal power...

Energy Trade

Production at Falcon Oil and Gas licenses depends on deep-well technology

Two natural gas licenses in Hungary owned by Canada's Falcon Oil and Gas could start production as soon as the...

Energy Trade

Mol signs contract on acquiring 62% of strategic gas storage company

Hungary's Mol announced today that on January 3 it acquired 62% ownership in the Hungarian Hydrocarbon Stockpiling Association (MSzKSz), to...

Energy Trade

MSZKSZ ready to sign contract on strategic gas reserve with Mol

A spokesman for MSZKSZ Strategic Gas Reserve, a company set up by Hungary's oil and gas companies to organize the...

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...