Energy

Energy Trade

ENI-Novatek consortium begins offshore oil exploration in Montenegro

Italy's oil and gas company ENI and Russia's Novatek started exploratory drilling for oil in waters offshore Montenegro, reported web...

Green Energy

MET Group, Navitasoft, Dunamenti partner on R&D project

Swiss-based energy company MET Group said it is partnering with Hungarian software company Navitasoft and Hungary's Dunamenti Power Plant to...

Energy Trade

Polish, Ukrainian gas giants to cooperate on exploitation, production

Polish oil and gas company PGNiG and Ukraine's state oil and gas company Naftogaz Group have signed a letter of...

Green Energy

Global wind industry adds 114 GW in 2020

Around 114 GW (gigawatt) of new wind capacity was added globally in 2020, representing an 82% increase year-over-year, according to...

Energy Trade

Bulgaria signs deal for design of Chiren gas storage upgrade

Bulgartransgaz, the natural gas transmission and storage system operator of Bulgaria, has signed a BGN 5.3 million (USD 3.2 million)...

Energy Trade

Greek electricity market coupling with Bulgaria set for May 11

Greece's next market-coupling step, a day-ahead market link with Bulgaria, following an equivalent step with Italy in December, is scheduled...

Green Energy

French Voltalia wins Albania’s 100 MW PV tender 

Albania's Ministry of Infrastructure and Energy has announced that French renewable energy developer Voltalia is the winner of the tender...

Power

EV charging station volume climbs 30% in 2020

Charging volume at public EV charging stations in Hungary rose 30% to 7.1 GWh last year, the Hungarian Energy and...

Green Energy

Hungary aims to triple solar capacity by 2030

One of the key goals of the National Energy Strategy is to make 90% of domestic electricity production carbon dioxide-free...

Green Energy

Poland could reach 15 GW of installed solar in 2025

Poland is set to add around 2 GW (gigawatt) of new solar photovoltaic (PV) capacity in 2021 and reach up...

Green Energy

Renewables spending set for new record in 2021, Rystad says

Capital expenditure for renewable energy projects is set for a new record in 2021, a Rystad Energy analysis shows, forecast...

Green Energy

Fueling cleaner changes for a better future

István Kapitány is the global executive vice president responsible for Shell’s Mobility business, overseeing a mobility retail business network of...

Energy Trade

Srbijagas signs deal with Bosnia’s Gas-Res for gas pipeline construction

Serbian state-owned natural gas monopoly Srbijagas said it has signed an agreement with Bosnian natural gas distributor Gas-Res for the...

Green Energy

European wind hit daily output record of 116 GW on March 11

European daily wind power generation has set a new record averaging 116 GW (gigawatt) on March 11, S&P Global Platts...

Green Energy

MOL starts producing biofuel at main refinery in Hungary

Hungarian oil and gas company MOL on Tuesday announced the launch of biofuel production at its refinery in Százhalombatta, according...

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...