Energy

Energy Trade

Belarus sees end to gas price war

Belarus has said that it expects a gas price dispute with Russia, which threatens to disrupt European supplies, to be...

Green Energy

First Hungarian windmill produces energy

The first Hungarian windmill power plant, in the area of Mosonszolnok, have started its operation....

Energy Trade

Gazprom makes Serbia a transit country for Russian gas supplies

OAO Gazprom, Russia's natural-gas export monopoly, agreed to help turn Serbia into a transit country for Russian gas deliveries to...

Energy Trade

Ft 0.17 per cubic meter to be built into cost of gas

An additional Ft 0.17 per cubic meter will be built into the cost of gas from January 1, 2007 to...

Energy Trade

Romanian gas price to fall 2.5% on currency, cheaper imports

Natural-gas prices paid by Romanian households will fall by 2.5% on January 1 because of a stronger local currency and...

Green Energy

Calamites to offer alternative energy made from gasified coal

The Pécs-based Calamites Kft is to provide alternative energy for the south Hungarian region by producing and gasifying coal through...

Energy Trade

Gazprom, TNK-BP seek to develop Siberia gas field

Executives from OAO Gazprom and BP Plc's Russian unit edged closer to a deal to jointly develop Siberia's biggest natural...

Energy Trade

OMV isn’t holding talks with Gazprom to join Nabucco

OMV AG, which is holding talks with potential partners to join its Nabucco natural-gas pipeline project, said Russia's OAO Gazprom...

Green Energy

E.ON to build 400 MW gas-fired plant in Hungary

E.ON AG, Germany's biggest utility, said it plans to build a 400-megawatt gas-fired power plant in Hungary....

Energy Trade

Gazprom, TNK-BP discuss cooperation on gas projects

OAO Gazprom and BP Plc's Russian venture are looking at working together in the country's east, where the state-run natural...

Energy Trade

Russia oil output may rise 11% by 2015

Russian oil production may rise 11% from its most recent levels to 540 million tons a year (about 10.8 million...

Energy Trade

MSzKSz asks Mol to lower costs in strategic reserve bid

MSzKSz Strategic Gas Reserve Zrt has asked oil and gas company Mol Nyrt to submit a proposal on lowering the...

Energy Trade

Hungary may raise electricity prices 5% in 2007

Hungary may raise the price of electricity by 5% for household and industrial users next year, triggered mostly by higher...

Energy Trade

Gazprom, Rosneft will cooperate on oil, gas and power

State-run Gazprom and Rosneft will jointly bid for oil and gas fields at home and abroad, as President Vladimir Putin...

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...