Energy

Energy Trade

Hungary Receiving LNG From Qatar From 2027

Hungary will begin to receive shipments of liquefied natural gas from Qatar in 2027, Minister of Foreign Affairs and Trade...

Green Energy

Hybrid Solar Plant Built by Astrasun Commissioned in Romania

In line with its regional expansion strategy, Astrasun Solar has completed the construction of a hybrid solar power plant with...

Green Energy

Hungary 55th out of 100 on Global Energy Vulnerability Index

Euromonitor’s first-ever global energy vulnerability index highlights international risk of energy shocks, analyzing data from 100 countries worldwide. According to...

Green Energy

MET Group Entering German Renewables Market

MET Group is growing its European portfolio by entering the German renewables market with a 100% stake acquisition in a...

Energy Trade

MOL Chief Weighs in on Sanctions

Hungarian oil and gas company MOL chairman-CEO Zsolt Hernádi said time had shown that sanctions couldn't "bring Russia to its...

Green Energy

Albania Announces Results of 1st Onshore Wind Auction

The government of Albania has announced the results of the country's first utility-scale bidder-selected site auction for onshore wind....

Energy Trade

Lantos: Energy Supply Secure

In terms of both electricity and gas supply, there is security of supply in Hungary, stated Minister of Energy Csaba...

Energy Trade

H1 Gas Consumption Dropped 18.2% y.o.y.

Gas consumption in Hungary dropped 18.2% year-on-year to around 4.7 billion cubic meters in the first half, the Ministry of...

Energy Trade

Hungary Could Start Taking Qatari Gas Deliveries From 2027

Hungary could start taking deliveries of Qatari gas from 2027, Minister of Foreign Affairs and Trade Péter Szijjártó said ahead...

Energy Trade

Hungary Gas Store Levels at 4.5 bln Cubic Meters

Gas in stores in Hungary stands at 4.5 billion cubic meters, level with 44% of annual consumption, the Ministry of...

Power

Szijjártó Holds to 2030-31 Date for Paks II Completion

Minister of Foreign Affairs and Trade Péter Szijjártó said he was sticking to the 2030-2031 target dates for putting two...

Energy Trade

Taking a Transparent Approach to ESG

László Fazekas, CFO and deputy CEO of MVM Group, discusses the reasoning behind and aspirations for the Hungarian power company’s...

Green Energy

Hungary Adds Over 1 GW to Solar Capacity in H1

More than 1 GW was added to Hungary's solar power capacity in the first half of the year, bringing the...

Green Energy

MVM Renewables Unit Inaugurates HUF 9.5 bln Solar Park

MVM Zöld Generáció, the renewables unit of state-owned energy company MVM, inaugurated a HUF 9.5 billion solar park in Szeged...

Green Energy

Bulgaria’s Largest Solar Park Verila Begins Operation

Energy group Electrohold said Friday that it has put the 123-MW Verila solar farm in close to the town of...

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...