Energy

Energy Trade

Hungary Gets Exemption From Price Cap on Russian Crude

Hungary has won an exemption from a price cap on Russian crude, Minister of Foreign Affairs and Trade Péter Szijjártó...

Energy Trade

Watchdog Fines MOL for Disclosure Compliance Shortfall

The National Bank of Hungary (MNB) on Monday said it fined Hungarian oil and gas company MOL HUF 5 million...

Energy Trade

Greece, Bulgaria, Romania, Hungary Agree to Nat Gas Vertical Corridor

Gas systems operators from Greece, Bulgaria, Romania and Hungary have signed a memorandum of understanding to cooperate on the realization...

Energy Trade

Orlen Enters Hungarian market

Polish energy group Orlwn on Thursday announced its entry onto the Hungarian market with the takeover of 143 gas stations,...

Energy Trade

MOL Weighs Alternatives at Oil Field in SE Hungary

Hungarian oil and gas company MOL plans to drill new wells at the Algyo field in the southeast of the...

Green Energy

MVM Renewables Unit Inaugurates HUF 11.5 bln Solar Park

MVM Zöld Generáció, the renewables unit of state-owned energy company MVM, inaugurated an HUF 11.5 billion, 28.8 MW solar park...

Energy Trade

MOL Budgets HUF 40 bln for Domestic Exploration in 2023

Oil and gas company MOL plans to spend HUF 40 billion on exploration in Hungary next year, the upstream head...

Energy Trade

Fossil Fuels Still Dominate Energy Mix

Last year, 67.9% of primary domestic energy consumption was provided by primary fossil energy carriers, according to a report by...

Power

Paks Upgrade Moving Forward

The upgrade of Hungary's Paks nuclear power plant is moving forward at the pace requested by the customer, Alexander Merten,...

Green Energy

Polish Developer Switches on Floating Solar Project

Poland has started running a floating solar project in the port city of Gdańsk, reported energy portal pv-magazine....

Energy Trade

Hungary Gas Stores Reach 5.44 bln Cubic Meters

Gas volume in storage facilities in Hungary has reached 5.44 billion cubic meters, over 54% of annual consumption, the Hungarian...

Energy Trade

MOL Makes Oil Discovery on Outskirts of Budapest

Hungarian oil and gas company MOL on Monday announced the discovery of a "significant amount" of crude oil on the...

Green Energy

France’s Helexia Installing Auchan Hungary Rooftop PV Panels

French renewables company Helexia, a subsidiary of Voltalia SA, has installed the panels for the first three of 20 rooftop...

Green Energy

Nordex Receives 35 MW Order From Poland

German manufacturer Nordex Group has received an order from Poland for the supply and installation of 10 turbines....

Energy Trade

MOL to Stop Fuel Deliveries to Small Gas Stations

Hungarian oil and gas company MOL will not deliver gasoline and diesel next week to small refueling stations with which...

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...