Energy

Energy Trade

Főgáz ready to take over 600,000 E.ON clients

State-owned FŐGÁZ is prepared to take over 600,000 clients of gas distributor E.ON, the company said yesterday, according to Hungarian news agency...

Energy Trade

Russia halts gas to Ukraine, imports to Hungary continue

Following reports that Russia’s Gazprom cut off gas deliveries to Ukraine,  Magyar Földgázkereskedő, the gas trading unit of state-owned Hungarian...

Energy Trade

Hungaryʼs gas reserves reach 3.2 bln cubic meters

Hungaryʼs gas storage facilities currently contain 3.2 billion cubic meters of gas, well over the projected household demand, and more...

Energy Trade

State secretary: Govʼt plans further investments in energy sector

The Hungarian government is planning additional investments in the energy sector, state secretary Zsuzsa Németh said at a conference today,...

Green Energy

Powerful changes in power generation

Even if renewable energy sources are spreading, gas-fueled power plants remain unavoidable actors of power generation. However, new initiatives are...

Energy Trade

MET group sets up units in Russia, Turkey

MET group, an energy trader established in Hungary in 2007, has set up subsidiaries in Russia and Turkey, the group...

Green Energy

Powerful changes in power generation

Even if renewable energy sources are spreading, gas-fueled power plants remain unavoidable actors of power generation. However, new initiatives are...

Energy Trade

Hungaryʼs gas stores said to top last winterʼs household consumption

Hungaryʼs natural gas storage facilities held more than 3 billion cubic meters of gas at the end of September, the...

Energy Trade

Ukraine resumes gas deliveries from Hungary

Deliveries of gas from Hungary to Ukraine resumed in October following a one-month hiatus, Ukrainian transmission system operator Ukrtransgaz said...

Energy Trade

Főgáz closes acquisition of GDF Suez retail gas business

State-owned gas distributor Főgáz has closed the purchase of GDF Suezʼs retail business in Hungary, the First National Utilities Company...

Green Energy

MVM to build 7MW solar plant in Pécs

The state-owned Hungarian Electricity Works (MVM) will build a 7MW solar plant in Pécs by mid-December, Péter Csizi, MP for...

Energy Trade

Hungaryʼs gas reserves at 28% of capacity in run-up to winter

Hungary has about 1.2 bln cubic meters of gas in reserves around the country, well under the 3.1 bln at...

Energy Trade

Stop gambling, you can choose fixed gas prices

Have you ever thought of this: when you buy gas to cover your company’s demand, your decision-making process is similar...

Energy Trade

Főgáz acquires Hungarian subsidiary of GDF Suez

State-owned gas distributor Főgáz signed an agreement with GDF International to buy GDF Suez Energia Magyarország; the deal could be...

Green Energy

Competition office greenlights Budapesti Erőmű buyout

Hungaryʼs Competition Office (GVH) has approved EP Energyʼs buyout of power plant company Budapesti Erőmű, Hungarian news agency MTI reported,...

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...