Energy

Energy Trade

European Commission clears MTel, MET Holding JV

The European Commission reported on Thursday that it had approved the establishment of a joint venture by Magyar Telekom, the...

Energy Trade

Ukraine resumes moderate level of gas imports from Hungary

Ukraine will resume gas imports from Hungary, albeit at low volumes, Hungarian news agency MTI reported yesterday, citing Interfax-Ukraine. ...

Energy Trade

Főgáz submits offer to take over Tigáz clients

State-owned Főgáz has submitted an offer to take over the retail clients of regional gas distributor Tigáz, the Hungarian Energy...

Green Energy

Mavir: Hungary’s electricity consumption reaches 42.5 TW in 2014

Hungary’s gross electricity consumption increased to 42.5 TW last year, with imports accounting for 31.4% of total electricity consumed, data...

Green Energy

Government to accelerate process of obtaining permits for Paks upgrade

The Hungarian government reportedly declared the obtaining of permits for an upgrade of Hungary’s sole nuclear power plant  Paks, a...

Energy Trade

Report: Főgáz takes over peersʼ clients, but not overdue bills

Hungarian state-owned gas distributor Főgáz reportedly took over the retail clients of a number of its peers, however, it is...

Energy Trade

Hungary teams up with neighbors to integrate gas market

Hungary and 14 other European Union and Energy Community countries in the Central Eastern Europe and South East European regions...

Energy Trade

Szijjártó: Hungary-Croatia relations at ‘low point’

Relations between Hungary and Croatia are at a "low point", Minister of Foreign Affairs and Trade Péter Szijjártó told  Hungarian...

Energy Trade

Hungary-Slovakia gas interconnector launches commercial operation

Commercial operation of an interconnector between the gas networks of Hungary and Slovakia was launched yesterday, Slovakian operator Eustream reportedly...

Energy Trade

Ukraine received gas from Hungary ahead of halt from Russia

Ukraine received shipments of 2.7 million cubic meters of natural gas from Hungary, 22.9 million cubic meter from Slovakia, and...

Energy Trade

Lázár envisages minimum wage, pension rising

The minimum wage in Hungary is expected to rise by 5.5% as of next year, while pensions could increase 1.6%,...

Energy Trade

Report: Főgáz could sell 1 bln cubic meters of deregulated gas

Gas distributor Főgáz could sell as much as 1 bln cubic meters of gas on the deregulated market in the...

Energy Trade

Szijjártó: EU enlargement, energy security key for CEI

The Central European Initiative (CEI) should focus on accelerating EU enlargement toward the Western Balkans and increasing investments needed to...

Energy Trade

Szijjártó: EU enlargement, energy security key for CEI

The Central European Initiative (CEI) should focus on accelerating EU enlargement toward the Western Balkans and increasing investments needed to...

Energy Trade

FGSZ, Ukrtransgaz sign interconnection agreement

Hungarian gas delivery company FGSZ, a unit of MOL said it signed a new interconnection agreement on Friday with Ukrainian peer Ukrtransgaz on both...

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...