Energy

Energy Trade

Hungary, Croatia sign declaration of intent on reverse gas flows

Hungary and Croatia signed a declaration of intent Tuesday to enable reverse gas flows between the two countries, Hungarian news...

Energy Trade

Russia could store gas in Hungary, says daily

Hungary and Russia are thought to be ready to sign an agreement in the coming days on Russia storing 1...

Energy Trade

Hungary gas consumption up 6.7% in 2015

Gas consumption in Hungary rose 6.7% to 8.907 billion cubic meters last year, the Hungarian Energy and Utilities Regulatory Office...

Green Energy

Ganz EEG to supply mini hydropower plant to Georgia

Hungarian-Russian joint venture Ganz Engineering and Energy Production Machinery (Ganz EEG) has agreed with the Georgian International Energy Corporation to...

Green Energy

Eximbank, Export Development Canada to co-finance Indonesia power project

The Hungarian Export-Import Bank (EXIM) and export credit agency Export Development Canada (EDC) will jointly finance a project to build...

Green Energy

GE eyes turbine contract for Paks upgrade

GE Steam Power Systems has a good chance of winning a contract to supply the turbines for the upgrade of...

Energy Trade

MVM, Electrochaea to build 10 MW power-to-gas plant

The state-owned Hungarian Electricity Works (MVM) has announced the establishment of a joint venture with German startup Electrochaea to build...

Energy Trade

MET makes first LNG deal

Hungarian MET Group’s West European natural gas trading arm, MET International AG, has made its first liquefied natural gas (LNG)...

Energy Trade

O+GD launches production at Hungarian license

Oil and gas company O+GD Central, a unit of the Dutch Sand Hill Petroleum, has launched production at a license...

Green Energy

Greenpeace: Paks upgrade ‘unviable without state subsidy’

The upgrade of Hungary’s sole nuclear plant in Paks, referred to as Paks II, is unviable without a state subsidy,...

Green Energy

Bill would place burden of premium for renewable energy on big electricity consumers

Hungaryʼs government submitted a bill to Parliament yesterday that would force non-retail consumers of electricity to cover a premium paid...

Energy Trade

MVM Partner expands business to gas market

MVM Partner, the unit of state-owned Hungarian Electricity Works (MVM) Group, is expanding its current business of supplying electricity to...

Energy Trade

MET group adds LNG trading to its portfolio

MET International is adding LNG to its energy trading portfolio as the company sees great potential in the global expansion...

Energy Trade

Hungary, Slovenia to reach agreement on connecting gas, electricity networks

A joint cabinet meeting of the governments of Hungary and Slovenia held today is expected to result in agreements to...

Energy Trade

Főgáz takes over 600,000 E.ON clients

Főgáz, a unit of Hungaryʼs state-owned utilities company ENKSZ, took over 600,000 clients of gas distributor E.ON on January 1,...

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...