Energy

Energy Trade

Unconventional gas extraction in Hungary

Hungary’s MOL oil and gas company has entered into a partnership with ExxonMobil of the United States and Falcon Oil...

Energy Trade

E.ON sells 32 billion kWh of gas at 6th annual auction

Germany’s leading gas supplier E.ON Ruhrgas sold 32 billion kilowatt hours (kWh) of gas to 7 bidders in a web-based...

Energy Trade

E.ON sells 32 billion kWh of gas at 6th annual auction

Germany’s leading gas supplier E.ON Ruhrgas sold 32 billion kilowatt hours (kWh) of gas to 7 bidders in a web-based...

Energy Trade

UK supports Nabucco

UK Minister for Europe Affairs Jim Murphy said at the press-conference in Baku that during short-term visit to Baku they...

Energy Trade

UK supports Nabucco

UK Minister for Europe Affairs Jim Murphy said at the press-conference in Baku that during short-term visit to Baku they...

Green Energy

Tata Power eyes shipping biz, lines up $500 mln investment

Tata Power plans to foray into shipping. The company will invest $500 million through its Singapore-based special purpose vehicle, TPC...

Green Energy

Tata Power eyes shipping biz, lines up $500 mln investment

Tata Power plans to foray into shipping. The company will invest $500 million through its Singapore-based special purpose vehicle, TPC...

Energy Trade

Gas price surge threatens bigger bills

Wholesale British gas prices have surged this year, outpacing European markets and raising the prospect of bigger energy bills for...

Energy Trade

Gas price surge threatens bigger bills

Wholesale British gas prices have surged this year, outpacing European markets and raising the prospect of bigger energy bills for...

Energy Trade

The end of the era of cheap gas

The beginning of the 2008 marked with the fact that Russia has agreed to increase payments for Turkmen gas from...

Energy Trade

The end of the era of cheap gas

The beginning of the 2008 marked with the fact that Russia has agreed to increase payments for Turkmen gas from...

Energy Trade

Russia mulls stronger partnership with Uzbekistan

The Kremlin has moved to strengthen ties with Uzbekistan, Central Asia’s most populous nation, through the Russia-led Collective Security Treaty...

Energy Trade

Russia mulls stronger partnership with Uzbekistan

The Kremlin has moved to strengthen ties with Uzbekistan, Central Asia’s most populous nation, through the Russia-led Collective Security Treaty...

Energy Trade

Iran to import 30 mcm of Turkmen gas daily

Iran will import around 30 million cubic meters of gas per day from Turkmenistan and the two neighbors will study...

Energy Trade

Iran to import 30 mcm of Turkmen gas daily

Iran will import around 30 million cubic meters of gas per day from Turkmenistan and the two neighbors will study...

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...