Energy

Energy Trade

MOL Negotiates Restart of Friendship Pipeline

MOL has negotiated with the Ukrainian and Russian sides to restart of Druzhba (Friendship) pipeline, by transferring the outstanding transit...

Energy Trade

Russian Oil Exports Through Friendship Pipeline Suspended

Exports of Russia oil through the southern section of the Friendship (Druzhba) pipeline have been suspended due to problems related...

Energy Trade

Hungary Gas Stores Enough for 82% of Annual Retail Consumption

Gas volume in storage facilities in Hungary reached 3.25 bln cubic meters on August 1, according to a report by...

Energy Trade

Palkovics Outlines 4 Energy Scenarios Hungary May Face in 2022

Representatives of the Hungarian government discussed energy and economic issues with representatives of German companies operating in Hungary at a...

Energy Trade

Szijjártó: No Problem With Natural Gas During Winter

All aspects of the tragic situation that arose as a result of the war in Ukraine can only be solved...

Green Energy

Photon Energy starts to build 3 PV power stations in Romania

Dutch renewable energy developer Photon Energy announced that it has broken ground on the construction of another three Romanian PV...

Energy Trade

Hungary limits vehicle fuel price caps to households

Hungary's government on Saturday restricted a HUF 480/liter regulated price for motor fuel to private individuals and mandated the release...

Green Energy

Alteo acquiring 75% stake in FE Group

Listed alternative energy company Alteo yesterday said it agreed to acquire a 75.1% stake FE-Group, active in the industrial, municipal...

Green Energy

Romania’s Electrica Group builds new PV plant for beverage producer Albacher

Electrica Furnizare, part of Electrica Group, announced the turnkey construction of a new photovoltaic (PV) plant with an installed power...

Green Energy

Lithuania’s Ignitis starts building 50 MW wind farm in Poland

Lithuanian energy company Ignitis Grupe AB said it will invest some EUR 70 million (USD 71.7 million) to build a...

Green Energy

Enefit Green acquires Tootsi wind farm in Estonia

Enefit Green has agreed to acquire the Tootsi wind farm in Estonia from Eesti Energia in a EUR 27 million...

Energy Trade

MOL flags temporary motor fuel depletions ahead of refinery overhaul

The COO of MOL's domestic business said there could be "temporary depletions" of motor fuel at some gas stations as...

Power

Paks operation unaffected by summer warming of Danube

The summer warming of the Danube does not affect the safety or the production process and technology of the Paks...

Energy Trade

EU still faces gas halt risk despite Nord Stream restart, Fitch says

The resumption of Russian gas flows through the Nord Stream 1 pipeline after a 10-day annual maintenance period does not...

Green Energy

North Macedonia improves regulatory framework for rooftop PV

The government of North Macedonia has recently improved the net metering scheme for solar installations and has launched a EUR...

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...