Energy

Green Energy

Producer price of electricity decreases at four plants

A decree published by the Minister of Economy and Transportation on Tuesday re-introduces a maximum price of electricity to be...

Green Energy

Mátrai Erőmű to launch Visonta power plant project

Mátrai Erőmű Zrt, the operator of Hungary’s largest coal-fired power plant, has approved a €750 million project that will create...

Energy Trade

EU supports Nigerian gas pipeline to Europe

The EU is ready to support the financing of a €5.3 billion ($7 billion) pipeline to carry gas from Nigeria...

Energy Trade

OMV in talks with four European companies on Nabucco Project

OMV, central Europe's biggest oil company, said it has lined up four unidentified European companies to join its project to...

Energy Trade

Mol wins tender for strategic gas reserve

Hungarian oil and gas company Mol Nyrt has won a tender by MSzKSz Strategic Gas Reserves Zrt to acquire storage...

Energy Trade

BP’s browne boosts cooperation with Gazprom, Rosneft

BP Plc CEO John Browne met in Moscow with the heads of state-run Gazprom and Rosneft, Russia's largest companies by...

Energy Trade

Romanian Defense Council meets on energy & Petrom sale

Romanian President Traian Basescu summoned a council in charge of safety and defense to debate energy security, power sales and...

Energy Trade

Russian gas price may increase to $90 by 2010

The price of natural gas in Russia may increase to as much as $90 by the end of the decade,...

Energy Trade

Gov’t decides gas subsidies to be income-based from 2007

The government decided on changes to Hungary's system of retail gas price subsidies, which would offer subsidies based on household...

Green Energy

RWE plans €750 mln lignite-fired power plant in Hungary

RWE AG, Germany's second-biggest utility, said it plans to spend €750 million ($960 million) with partners to build a lignite-fired...

Energy Trade

Ascent Resources discovers gas in east Hungary

UK-based hydrocarbons company Ascent Resources on Tuesday announced it discovered gas while drilling in Hungary's Penészlek gas field in the...

Energy Trade

Austria to be first in Europe to get Iranian gas

Austria will be the first European nation to be offered Iranian gas once the Nabucco pipeline begins service, Kazem Vaziri-Hamaneh,...

Energy Trade

E.ON Földgáz calls second gas auction for March 1

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

Green Energy

Mátra Power Plant starts operating Ft 17 bln gas-fuelled turbine

Mátra Power Plant Zrt has started operating a new Ft 17 billion gas-fuelled turbine, president of the board József Valaska...

Green Energy

Hungary minimally affected by blackouts in Western Europe

Power blackouts which affected a wide swath of Germany, France and several other countries late on Saturday only caused a...

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...