Energy

Energy Trade

Hungary Gas Stores 98% Full

Hungary's gas stores are 98% full, Energy Affairs Minister Csaba Lantos said in a post on social media on Friday,...

Green Energy

E.ON Network Upgrade: Blending Energy Needs with Nature Conservation

The Solymár substation of the E.ON Hungária Group, which is responsible for the electricity supply of the settlements of Máriaremete,...

Energy Trade

Hungary, Romania Agree to Boost Gas Interconnector Capacity

Hungary and Romania agreed to boost gas interconnector capacity at a meeting between Minister of Foreign Affairs and Trade Péter...

Energy Trade

Szijjártó Urges Neighbors to ‘Join Forces’ to Boost Gas Transit Capacity

Minister of Foreign Affairs and Trade Péter Szijjártó pressed neighboring countries to work together to boost gas transit capacity in...

Power

Companies From Hungary, West Among Paks II Subcontractors

Companies from the United States, France, Germany, Sweden, and Austria, in addition to 94 Hungarian companies, have signed contracts so...

Power

Shipment of Fuel Rods for Paks Nuclear Plant Arrives

Another shipment of fuel rods from Russia for the Paks nuclear power plant has arrived in Hungary, Minister of Foreign...

Energy Trade

Croatia’s INA Starts Production at its 1st Gas Well in Egypt

Croatian oil and gas group INA said on Thursday it has put into production its first gas well in Egypt....

Energy Trade

Gazprom Sending Additional gas to Hungary, China

Gazprom PJSC will send additional gas to China and Hungary this year, Alexey Miller, the company's chief executive, said in...

Energy Trade

Is Cabinet Mulling Action on Fuel Costs to Boost Growth?

While 2023 seems to be something of a write-off in terms of economic development for the government, the messaging generally...

Energy Trade

Szijjártó: Nuclear Power Could Mean More Energy Security for Hungary

The construction of the additional nuclear power units at Paks is on schedule and on course to make Hungary a...

Energy Trade

Bulgaria Defends Decision to Tax Russian Gas Imports

Bulgaria's government has defended its decision to impose a new tax on Russian gas transiting through the country as Hungary...

Energy Trade

Hungary, Serbia Protest Bulgaria’s Tax on Transit Gas From Russia

The governments of Hungary and Serbia said a decision by Bulgaria to levy a tax on the transit of their...

Green Energy

Hungary Solar Capacity Climbs Over 5,400 MW

Hungary's solar energy capacity rose over 5,400 MW by early October, the Energy Affairs Ministry said, according to a report...

Energy Trade

Hungary Gas Consumption Falls 15% in 2022

Gas consumption in Hungary fell 14.9% to 9.41 bln cubic meters last year, an annual report compiled by the Hungarian...

Green Energy

Hungary to Reopen Household Applications for Feed-in Tariff

Hungary will lift a suspension of household applications to join a feed-in tariff scheme from January 1, 2024, Energy Affairs...

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...

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...

Budapest Rooftops Could Generate 2.5 Times Paks Output, Mayor Says

Budapest rooftops could potentially generate energy equivalent to 2.5 times the output of the Paks nuclear power plant through solar...