Energy

Energy Trade

Gazprom ready to buy Azerbaijani gas at market prices – envoy

Russian energy giant Gazprom is prepared to buy Azerbaijani natural gas at European market prices minus transport expenses, Russia’s ambassador...

Energy Trade

Gazprom ready to buy Azerbaijani gas at market prices – envoy

Russian energy giant Gazprom is prepared to buy Azerbaijani natural gas at European market prices minus transport expenses, Russia’s ambassador...

Energy Trade

Baltic gas pipe planner sees build permits end ‘09

The Russian-German company planning a gas pipe under the Baltic Sea said on Tuesday it expected to get permission from...

Energy Trade

Baltic gas pipe planner sees build permits end ‘09

The Russian-German company planning a gas pipe under the Baltic Sea said on Tuesday it expected to get permission from...

Energy Trade

Iran to launch gas pipeline construction under Nabucco project

Iran will start work this year to build a pipeline as part of the Western-backed Nabucco project designed to pump...

Energy Trade

Iran to launch gas pipeline construction under Nabucco project

Iran will start work this year to build a pipeline as part of the Western-backed Nabucco project designed to pump...

Energy Trade

Hungary’s July 1 gas price hike 9.9%

Hungary will hike gas prices to households by 9.9% as of July 1 as global energy prices have risen, the...

Energy Trade

Hungary’s July 1 gas price hike 9.9%

Hungary will hike gas prices to households by 9.9% as of July 1 as global energy prices have risen, the...

Energy Trade

Coal seam gas seen as Asia’s next hot energy play

Surging gas prices are increasingly drawing new investors to Asia’s nascent coalbed methane (CBM) seams, an underutilized energy source that...

Energy Trade

Coal seam gas seen as Asia’s next hot energy play

Surging gas prices are increasingly drawing new investors to Asia’s nascent coalbed methane (CBM) seams, an underutilized energy source that...

Energy Trade

Nabucco pipeline cost rises to €7.9 bln

The consortium planning to build and operate the Nabucco pipeline to bring Caspian area gas to western Europe said on...

Energy Trade

Nabucco pipeline cost rises to €7.9 bln

The consortium planning to build and operate the Nabucco pipeline to bring Caspian area gas to western Europe said on...

Green Energy

Electric power trader Mosenergosbyt sold at auction for $478 mln

An auction for a 50.9% stake in Moscow electric power trader Mosenergosbyt was won Wednesday by unknown firm Korporativno-trustoviye proyekty,...

Green Energy

Electric power trader Mosenergosbyt sold at auction for $478 mln

An auction for a 50.9% stake in Moscow electric power trader Mosenergosbyt was won Wednesday by unknown firm Korporativno-trustoviye proyekty,...

Green Energy

Nuclear power, renewable energy can help meet growing demand for electricity

Hungary should count on nuclear power as well as renewable energy to meet the country’s growing demand for electricity, György...

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...