Energy

Energy Trade

How Hungarian companies are affected by the Ukrainian crisis

Russia is the biggest partner of Hungary outside of the European Union. Ukraine is the second most important if you...

Energy Trade

President touts Qatar LNG to Visegrád Four nations

Hungary could soon start buying liquefied natural gas (LNG) exported by Qatar, President János Áder said after talks with the...

Energy Trade

Decline in gas, electricity consumption

Gas and electricity consumption of Hungary has been on a decline for several years, as analytics of Energetics and Public...

Energy Trade

Bringing technology to oil fields

Affordable, reliable energy makes possible every daily comfort we take for granted, and serves as the lifeblood of our global...

Energy Trade

MEKH reassures on national natural gas supply

In an apparent attempt to mollify concerns regarding the country’s natural gas supply, the Hungarian Energy Regulatory Office (MEKH) released...

Energy Trade

National Development Ministry: Hungary’s gas supply secure

Natural gas supplies are secure according to the statement made by the National Development Ministry on Friday, despite the havoc...

Energy Trade

MVM to purchase Budapest stake in Főgáz

The state-owned Hungarian Electricity Works (MVM) will purchase the Budapest Municipal Council’s 50%-plus-one-share stake in regional gas-distributor Főgáz by July...

Green Energy

MVM in talks on upping stake in Mátrai Erőmű power plant

Hungary’s state-owned Hungarian Electricity Works (MVM) is in talks on boosting its stake in power plant Mátrai Erőmű, National Development...

Energy Trade

Linc to acquire Wildhorse Energy UCG business in Hungary

Australia-based Linc Energy today announced an agreement to acquire all underground coal gasification (UCG) business of its compatriot firm Wildhorse...

Green Energy

European electricity prices, Hungary output down

Output of Hungary's natural gas-fueled power plants fell last year as wholesale electricity prices dropped across Europe and imports became...

Energy Trade

Report: Budapest utility prices among lowest in Europe

Retail gas and electricity prices in Hungary are now among the lowest in Europe, after a round of government-mandated price...

Energy Trade

PM, Gazprom chairman in agreement on South Stream pipeline [Updated]

An agreement on planning the Hungarian stretch of the South Stream pipeline was signed in Budapest on Wednesday, in the...

Green Energy

Hungary sticking to its nuclear ambitions

Environmental concerns and the still haunting images of the Fukushima disaster continue to divide the world on whether nuclear energy...

Energy Trade

MOL stake in strategic gas reserve operator to cost HUF 140 billion

The acquisition of Hungarian oil and gas company MOL’s 72% stake in MMBF Földgáztároló, which operates the country’s strategic gas...

Energy Trade

Eyes on alternative gas connections

The demise of the Nabucco natural gas pipeline venture hasn’t thwarted the Hungarian government’s ambitions to reduce the country’s dependence...

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...