Energy

Energy Trade

MOL discovers oil, gas reserves in Makori Deep-02, Pakistan

Pakistan Oilfields Limited (POL) has announced that, according to Hungarian energy company MOL, which is the operator of the TAL...

Power

Power network fault causes Paks reactor trip

The Paks Nuclear Power Plant reported a reactor trip on Wednesday caused by a fault in the electricity network, state...

Energy Trade

Gas Imports: Levers and Pressure Points

The Budapest Business Journal looks at why the year 2020 seems to hold such importance in negotiations to secure Hungary’s...

Energy Trade

Hungary, Croatia mull gas market integration

Hungary and Croatia have agreed to establish a joint working group to weigh the possibility of integrating the two countriesʼ...

Energy Trade

Hungary, Russia agree gas top-up, deliveries via Austria

Hungary will top up its gas reserves this year with deliveries of 2 billion cubic meters from Russia, with another...

Energy Trade

Gas Imports: A Matter of Choices (or Not)

Speaking at a regional energy forum in Belgrade recently, Minister of Foreign Affairs and Trade Péter Szijjártó made some contradictory...

Green Energy

Alteo doubles sustainable energy capacity with acquisition

Listed alternative energy concern Alteo Group has announced the conclusion of its acquisition of Euro Green Energy Kft., nearly doubling...

Green Energy

Over 3,000 household-scale solar plants added in Q4

There were 3,060 household-scale solar power plants built in Hungary in the fourth quarter of 2019, the Hungarian Energy and...

Energy Trade

Szijjártó presses ExxonMobil to take decision on Romania deal

Hungary will seal another long-term gas supply deal with Russia later this year if U.S. energy giant ExxonMobil fails to...

Energy Trade

Canada’s Vermilion to drill exploration wells in CEE

Canada-based international oil and gas producer Vermilion Energy will drill its first two exploration wells in Croatia in June, followed...

Energy Trade

Hungary to contract for TurkStream gas capacity

Hungary will launch a procedure to contract for gas capacity of the TurkStream pipeline in September, Minister of Foreign Affairs...

Energy Trade

Szijjártó says gas safe, even without Moscow-Kiev agreement

Minister of Foreign Affairs and Trade Péter Szijjártó said Alexey Miller, CEO of Russian energy company Gazprom, assured him at...

Green Energy

Photon Energy connects 8 new solar plants to network

Photon Energy has announced the connection of eight new solar power plants to the E.ON Észak-dunántúli Áramhálózati Zrt. grid, with...

Green Energy

Hungary needs 4,000 MW of new power capacity in 15 years

MAVIR, the Hungarian transmission system operator (TSO), estimates that at least 4,000 MW of new power plant capacity will need...

Energy Trade

Hungary eyes LNG imports from Italy via Slovenia

Hungary and Slovenia could apply jointly for European Union funding to connect their gas networks, allowing Hungary to import liquefied...

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...