Energy Trade

Energy Trade

IAEA reviews Hungary’s nuclear emergency preparedness, response framework

An expert team of the International Atomic Energy Agency (IAEA) has concluded a five-day follow-up mission to review Hungary's emergency...

Energy Trade

ICSID decides in favor of MOL in Croatia arbitration case

The International Center for Settlement of Investment Disputes (ICSID) has decided in favor of Hungarian oil and gas company MOL...

Energy Trade

Amount of natural gas stored in Hungary increases

The amount of gas stored in the European Union in May was 10 percentage points higher than a year ago,...

Energy Trade

Gas deliveries resume through Turkish Stream

Gas deliveries to Hungary resumed from the south on Monday evening after scheduled maintenance work was completed on the Turkish...

Energy Trade

Hungary highly dependent on Russian oil and gas, Gulyás says

Until alternatives are developed, Hungary is highly dependent on Russian oil and gas, Gergely Gulyás, the head of the Prime...

Energy Trade

MOL refinery back at full capacity

Hungarian oil and gas company MOL's refinery in Százhalombatta (about 24 km south of Budapest), south of the capital, is...

Energy Trade

Hungary gas stores at over 36% capacity

Hungary has 2.3 billion cubic meters of gas in domestic storage, around 36.3% of total capacity, the Hungarian Energy and...

Energy Trade

Russian gas deliveries fall to 88% due to technical issues

Deliveries of Russian gas to Hungary have dropped to 88% of normal levels in recent days because of technical issues,...

Energy Trade

Black Sea Oil & Gas delivers 1st gas from Romanian offshore MGD project

Romania-based Black Sea Oil & Gas (BSOG) said on Wednesday, as reported by SeeNews, that production has started from the...

Energy Trade

Hungary frees up part of strategic motor fuel reserves

Hungary is making available part of its strategic motor fuel reserves for domestic use, similar to a move by Austria,...

Energy Trade

Hungary, Serbia sign energy agreements

Agreements have been signed allowing Serbia to store 500 million cubic meters of gas in Hungary for the winter and...

Energy Trade

Poland imports record monthly number of LNG shipments

Poland received a record number of shipments of liquefied natural gas (LNG) through its terminal in Świnoujście in May, according...

Energy Trade

Hungary gas stores at 25% capacity

There were 1.6 billion cubic meters of gas in Hungary's underground stores, just over 25% of capacity, by mid-May, the...

Energy Trade

Hungary presses for pipeline exemption from Russian oil embargo

Hungary will push for an exemption of pipeline deliveries from an embargo on Russian oil proposed by the European Commission,...

Energy Trade

MOL delivers energy infrastructure equipment to Ukraine

Hungarian oil and gas company MOL on Saturday said it delivered EUR 50,000 of energy infrastructure equipment to Ukraine as...

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...