Energy Trade

Energy Trade

Electricity Storage, Regulation Play key Role in Development of Renewables and Energy Independence

The EU regulatory framework supports the development of smart systems and the possibility of demand-side regulation. It makes the deployment...

Energy Trade

Alteo Postpones Bond Issue

Listed alternative energy company Alteo on Monday announced a decision to postpone the auction of a corporate bond "due to...

Energy Trade

LNG Croatia Opens Tender for Design of Refueling Spot in Zadar

LNG Hrvatska, the operator of Croatia's liquefied natural gas (LNG) terminal on the Krk island, said it has launched a...

Energy Trade

Gazprom Confirms Commitment on Hungary Gas Deliveries 

Gazprom has confirmed its commitment to continued deliveries of gas to Hungary and the long-term operation of the TurkStream pipeline,...

Energy Trade

Hungary to Help Build Pipeline to Ship Russian Crude to Serbia

Hungary has said it will help build a pipeline to transport Russian crude to Serbia to ensure continued oil supply...

Energy Trade

Czech Gas Consumption Down by 20% in Q3

Gas consumption in the Czech Republic fell by 20% year-on-year in the third quarter, the ČTKnews agency reported citing Kamil...

Energy Trade

MVM Agrees With Gazprom on Deferred Gas Payments

Hungarian energy company MVM on Monday said it reached an agreement with Russia's Gazprom on making deferred payments for gas...

Energy Trade

Residential Energy Efficiency Tenders Based on EU Funds

Hungary has a new opportunity to launch residential energy efficiency tenders based on EU funds, writes profitline.hu....

Energy Trade

Businesses Make Proposals to Gov’t on Easing Energy Crisis

Business association VOSZ is recommending the government broaden utilities support for companies and step up subsidies for energy investments in...

Energy Trade

MOL Delegates to INA Board Resign

Members of the management board of Croatian oil and gas company INA delegated by Hungary's MOL have resigned amid revelations...

Energy Trade

Hungary Mandates 25% Cut in Gas Consumption at State Institutions

Hungary's government has decided to mandate a 25% reduction in gas consumption at state institutions and state-owned companies, Gergely Gulyás,...

Energy Trade

INA Chairman Tenders Resignation

Sándor Fasimon, the chairman of Croatian oil and gas company INA, a member of Hungary's MOL Group, has tendered his...

Energy Trade

Gazprom Extra Gas Deliveries to Hungary to Rise to 5.8 mln m3 per Day

Gazprom will deliver up to 5.8 million cubic meters of gas per day to Hungary in September and October above...

Energy Trade

Hungary to Keep Seeking Additional Russian Gas

Hungary will continue talks with Russia on additional gas supplies and expects to reach a deal with Gazprom to boost...

Energy Trade

Hungary Gas Reserves Above Level Expected by EU

Reserves in five Hungarian gas storage facilities have reached 3.88 billion cubic meters by August 25, some 227 million cubic...

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...

Energy Trade

Hungary’s Energy Import Dependence Rises

Hungary increased its domestic energy production by 2.2% in 2025, reaching 486,246 TJ, while national energy consumption grew 1.1%, yet...

Energy Trade

Deadline for MOL Talks on NIS Acquisition Extended Again

MOL has announced an extension by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury...

Energy Trade

MOL Arbitration Claim Against Croatia Over INA Gas Business Dismissed

A commercial arbitration tribunal has dismissed Hungarian oil and gas company MOL’s claim against the state of Croatia, Croatia’s State...

Energy Trade

Analysts: Russian Gas Prices Don’t Determine Hungary’s Utility Price Cuts

An investigation by news outlet G7 concludes that even with discounted import prices, the price gap between Russian and non‑Russian...

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...

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...

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...

Heatwave Drives Surge in Hungary Searches for Cooling, Solar and Backup Power

Hungary’s summer heatwave is reshaping consumer searches, with interest in portable air conditioners nearly quadrupling and searches for solar products...

Hungary’s Energy Import Dependence Rises

Hungary increased its domestic energy production by 2.2% in 2025, reaching 486,246 TJ, while national energy consumption grew 1.1%, yet...

MOL, Serbia Sign Shareholders’ Agreement on Governance of NIS

Hungarian oil and gas company MOL on Tuesday said it signed a shareholders' agreement with the government of Serbia on...

Deadline for MOL Talks on NIS Acquisition Extended Again

MOL has announced an extension by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury...

MOL Arbitration Claim Against Croatia Over INA Gas Business Dismissed

A commercial arbitration tribunal has dismissed Hungarian oil and gas company MOL’s claim against the state of Croatia, Croatia’s State...

U.S. Grants MOL 2-Week Extension to Close NIS Deal

The U.S. Treasury's Office of Foreign Assets Control has given MOL an extra 2 weeks to conclude negotiations with Gazpromneft...

Independent Gas Stations Flag Diesel Shortage; MOL Says Supply Secure

Independent gas stations in Hungary warned that "serious motor fuel supply problems" could arise in the coming 2-3 weeks, or...

Analysts: Russian Gas Prices Don’t Determine Hungary’s Utility Price Cuts

An investigation by news outlet G7 concludes that even with discounted import prices, the price gap between Russian and non‑Russian...

Repairs on Druzhba Completed; Crude Deliveries Set to Resume

Repair work on the Druzhba pipeline, Hungary's main source of delivery for Russian crude, has been completed, MOL said in...

Independent Gas Stations Warn of Supply Disruptions

The Independent Gas Stations Association (FBSZ) warned of possibly motor fuel supply disruptions in a statement sent to Hungarian state...