Energy

Energy Trade

Hungarian Gas Supply: Streams and Interference

Besides Ukraine and migration, certainly the most intensely communicated issue by Hungary’s Ministry of Foreign Affairs and Trade in 2019...

Energy Trade

Gas deliveries to Hungary through TurkStream could start in 2 years

Deliveries of Russian gas through the TurkStream pipeline could first start from late 2021 or early 2022 to Hungary, state...

Energy Trade

Ministry publishes new National Energy Strategy

The Innovation and Technology Ministry has published Hungaryʼs recently approved new National Energy Strategy that outlines priorities until 2030, state...

Energy Trade

Construction begins on Polish-Lithuanian gas pipeline

Work has begun to build a gas link between Lithuania and Poland in an effort to connect the transmission systems...

Energy Trade

Liquefied Gas Business: Lacking a Strong Foothold (For Now)

Energy experts were in Budapest in the first week of December to discuss the liquefied natural gas market. Balázs Barabás...

Energy Trade

Gas transport through unbundled Ukrainian TSO starts

Hungarian gas transmission system operator (TSO) FGSZ has started taking deliveries of Russian gas through Ukraineʼs unbundled gas TSO following...

Energy Trade

EBRD helps Moldova secure winter gas supplies

With a USD 50 million pledge, the European Bank for Reconstruction and Development has arranged a financial safety net to...

Green Energy

Photon secures financing for additional 20.1 MWp in Hungary

Photon Energy announced today that it has closed a long-term non-recourse project financing agreement for an additional 20.1 MWp of...

Green Energy

Photon Energy commissions 2.1 MWp in Hungary

Photon Energy N.V. announced that its subsidiary, Photon Energy Solutions HU Kft., has completed and grid-connected three photovoltaic power plants...

Energy Trade

Hungary to consider long-term Gazprom deal

Minister of Foreign Affairs and Trade Péter Szijjártó received the CEO of Gazprom in his office yesterday, hinting at a...

Green Energy

HEP plans new solar power plants on Adriatic coast in Croatia, report

Renewable energy sources are increasingly being harnessed on the Croatian coast, where there is ample wind and sun. In addition...

Energy Trade

Russian natural gas exports to Austria hit new high

Russian natural gas exports to Austria have reached a new high during the year so far, heads of the two...

Energy Trade

Hungary, Slovakia boosting gas interconnector capacity

Hungarian and Slovak authorities are working to boost capacity of an interconnector between the two countriesʼ gas networks, Minister of...

Green Energy

Croatia inaugurates its first geothermal power plant

The first geothermal power plant in Croatia, the 16.5-megawatt (MW) Velika 1, near Bjelovar (84 km east of Zagreb in...

Green Energy

Photon Energy completes seven new PV plants in Hungary

A Hungarian subsidiary of Photon Energy N.V. has completed and grid-connected seven photovoltaic (PV) power plants with a total installed...

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...