Energy Trade

Energy Trade

Utility Reduction Amendment Encouraging Energy Saving

The amendment of the rules for reducing utility bills encourages the population's modernization plans to save energy, according to a...

Energy Trade

Serbia Spends EUR 1.5 bln on Import of Electricity and Gas

So far, Serbia has spent EUR 1.5 billion on the import on electricity and gas, Minister of Energy Zorana Mihajlović...

Energy Trade

Gazprom Starts Delivery of Additional Gas to Hungary

Gazprom started delivery of additional gas to Hungary - above the volume stipulated in the country's long-term contract - in...

Energy Trade

MÁSZ Gas Stations to Remain Open Aug 19-20

Gas stations of the Hungarian Petroleum Association (MÁSZ) will remain open on August 19-20, when 500-600 stations operated by the...

Energy Trade

Independent Gas Stations to Close Aug 19-20

Members of the Independent Gas Stations Association (FBSZ) and sympathizers will close on August 19-20 to raise awareness of the...

Energy Trade

MOL Negotiates Restart of Friendship Pipeline

MOL has negotiated with the Ukrainian and Russian sides to restart of Druzhba (Friendship) pipeline, by transferring the outstanding transit...

Energy Trade

Russian Oil Exports Through Friendship Pipeline Suspended

Exports of Russia oil through the southern section of the Friendship (Druzhba) pipeline have been suspended due to problems related...

Energy Trade

Hungary Gas Stores Enough for 82% of Annual Retail Consumption

Gas volume in storage facilities in Hungary reached 3.25 bln cubic meters on August 1, according to a report by...

Energy Trade

Palkovics Outlines 4 Energy Scenarios Hungary May Face in 2022

Representatives of the Hungarian government discussed energy and economic issues with representatives of German companies operating in Hungary at a...

Energy Trade

Szijjártó: No Problem With Natural Gas During Winter

All aspects of the tragic situation that arose as a result of the war in Ukraine can only be solved...

Energy Trade

Hungary limits vehicle fuel price caps to households

Hungary's government on Saturday restricted a HUF 480/liter regulated price for motor fuel to private individuals and mandated the release...

Energy Trade

MOL flags temporary motor fuel depletions ahead of refinery overhaul

The COO of MOL's domestic business said there could be "temporary depletions" of motor fuel at some gas stations as...

Energy Trade

EU still faces gas halt risk despite Nord Stream restart, Fitch says

The resumption of Russian gas flows through the Nord Stream 1 pipeline after a 10-day annual maintenance period does not...

Energy Trade

Hungary seeks additional gas in Moscow

Minister of Foreign Affairs and Trade Péter Szijjártó visited Moscow on Thursday with a government mandate to buy an additional...

Energy Trade

Hungary looking to source gas from East, West

Hungary is in talks to source gas, in addition to its long-term delivery contracts, with suppliers in both the east...

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...