Energy

Energy Trade

Court overturns decision withdrawing INA drilling licenses

Croatia's highest court overturned an earlier ruling whereby oil and gas company INA, in which Hungarian oil and gas company...

Energy Trade

Hungary plans to restart gas flows to Ukraine in January

Hungary plans to restart gas deliveries to Ukraine in January, the local representative of Ukraine's state-owned Naftogaz told Hungarian business...

Energy Trade

Gas stores reach 65%

Hungary's gas stores contained 4 billion cubic metres by early October, reaching almost 65% capacity, the state-owned Hungarian Electricity Works...

Energy Trade

CNG and LNG: the next big step in the field of alternative fuels?

Dr. Dániel Varga: A new EU directive will set forth ambitious goals regarding the use of CNG and LNG as...

Energy Trade

Lázár: National utility provider up by March 2015

Hungary is planning to establish a national utility provider, which would be a state-run and non-profit utility holding company, Cabinet...

Energy Trade

Hungary halts Ukraine gas supply for ‘technical reasons’

Hungary’s gas pipeline network operator FGSZ announced late yesterday that it has indefinitely suspended gas supply to bordering Ukraine, saying...

Energy Trade

Orbán, Gazprom chief discuss gas supplies in BP

Hungary’s Prime Minister Viktor Orban reportedly met the head of Russia's fuel company Gazprom, Alexey Miller, in Budapest yesterday evening....

Energy Trade

Gazprom reduces gas shipments to EU

Russia's natural-gas flows into the EU dropped today as compared to last week, Slovak pipeline operator Eustream said. At the...

Energy Trade

MVM, Gazprom Export to discuss increased gas deliveries

Officials of the state-owned Hungarian Electricity Works (MVM) and Russian Gazprom will discuss further deliveries of gas from Russia to...

Energy Trade

Ukraine continues delivering gas via Hungary

Ukraine imported approximately 214 million cubic meters of gas via Hungary in June, Ukrainian news website dialog.ua reported yesterday, citing...

Energy Trade

Gas from Ukraine arrives intact, reserves filling up

The delivery of gas from Ukraine is proceeding according to contract, and Hungary's strategic gas reserves are being filled continuously,...

Energy Trade

Hungary receiving full amount of gas from Ukraine

Hungary is receiving the full amount of gas stipulated by contract from Ukraine, FGSZ, the gas-delivery a unit of Hungarian...

Energy Trade

Ukraine and Hungary discuss gas situation in secrecy

Hungary and Ukraine discussed ways to ensure secure their supply of energy at emergency talks held in Budapest yesterday, just...

Energy Trade

US energy envoy: Gas deliveries between regional countries should be enhanced

Special Envoy and Coordinator for International Energy Affairs CarlosPascual said yesterday, in Budapest, that gas deliveries between countries in central...

Energy Trade

Hungary and Turkmenistan talk about gas pipelines

Hungarian Development Minister Miklós Seszták held talks in Budapest yesterday with his Turkmeni counterpart, Hojamuhammedov Baymyrat, deputy prime minister for...

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...