Energy

Energy Trade

Romanian, Hungarian FMs discuss gas interconnector

Romania has agreed to establish the technical conditions to export natural gas to Hungary by 2020 and would increase capacity...

Green Energy

GE Hungary wins Paks turbine tender

GE Hungary, the local subsidiary of General Electric, has won a EUR 793 million open tender to manufacture and supply...

Green Energy

Veolia to upgrade newly acquired power plant

Two weeks after buying power plant operator Bakonyi Erőmű Zrt., French multinational Veolia has announced that it will make HUF...

Green Energy

Veolia acquires Hungarian biomass power plant in Ajka

Veolia Energia Magyarország has acquired a 98% stake in Bakonyi Erőmű Zrt., the operator of a power plant in Ajka,...

Energy Trade

Hungary, Slovakia ink Eastring pipeline deal

Hungary and Slovakia on Monday signed a declaration of intent on the construction of the Eastring gas pipeline, a transmission...

Energy Trade

EIB lends BRUA pipeline EUR 50 mln

The European Investment Bank (EIB) is lending EUR 50 million to Transgaz, the national gas transmission company of Romania, to...

Energy Trade

National utilities co. buys regional gas distributor

Hungaryʼs state-owned NKM National Utilities Ltd. said on Tuesday it has signed a contract with ENGIE International Holdings B.V. (the...

Green Energy

Geothermal plant gears for November launch

Hungaryʼs first combined geothermal heat and power plant in Tura, in Pest County northeast of Budapest, is currently at the...

Energy Trade

Szijjártó: Hungary must buy gas from Russia

Infrastructure does not leave much room for maneuver for Hungary regarding gas imports. The only solution after 2021 is still...

Energy Trade

Kurdistan partners file for arbitration against MOL

Crescent Petroleum and Dana Gas have sold their shares in Hungarian oil and gas company MOL, their partner in the...

Green Energy

Solar power plant program to generate 100 MW

While all preparations are set for the start of the Paks II nuclear project, the state-owned Hungarian Electricity Works (MVM)...

Energy Trade

Gazprom gas supplies to Hungary up 26.6% y-o-y

Russian gas and oil company Gazprom reported a sharp increase of gas delivered to Hungary and the other countries which...

Energy Trade

MET Group sets up units in Italy, Bulgaria

Hungarian-owned energy trader MET Group on Monday announced the establishment of subsidiaries in Italy and Bulgaria, state news wire MTI...

Energy Trade

Hungary, Azerbaijani foreign ministers meet in Budapest

Minister of Foreign Affairs and Trade Péter Szijjártó met with his Azerbaijani counterpart Elmar Mammadyarov in Budapest today, according to...

Energy Trade

Szijjártó, Gazpromʼs Miller sign pipeline agreement

Minister of Foreign Affairs and Trade Péter Szijjártó signed an agreement with Gazprom CEO Alexey Miller in Moscow Wednesday on...

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...