Energy Trade

Energy Trade

MEKH position on gas storage levels affirmed by peers

The position of the Hungarian Energy and Public Utilities Regulatory Office (MEKH) on linking mandatory gas storage levels to consumption,...

Energy Trade

‘No short-term replacement’ for Russian energy imports – Kovács

Zoltán Kovács, the government's international spokesman, said Hungary can't replace the gas and oil it imports from Russia in the...

Energy Trade

Hungary gas supply uninterrupted – MEKH

The Hungarian Energy and Public Utilities Regulatory Office (MEKH) said it is closely following developments related to gas deliveries to...

Energy Trade

MEKH: Gas, electricity among cheapest in EU

According to an international price comparison study made by the Hungarian Energy and Utilities Regulatory Authority (MEKH) in March, natural...

Energy Trade

MVM becomes sole universal energy provider

State-owned energy company MVM has wound up a deal to acquire 100% of E.ON Áramszolgáltató, German-owned E.ON's local electricity distributor...

Energy Trade

MOL selling U.K. assets to Waldorf Production

Hungarian oil and gas company MOL yesterday said it agreed to sell all of its upstream assets in the United...

Energy Trade

MOL board proposes dividends of around HUF 300 per share

The board of Hungary's MOL will propose to shareholders payment of a dividend on last year's earnings of around HUF...

Energy Trade

Szijjártó dismisses speculation over Bulgaria-Gazprom transit fee dispute

Minister of Foreign Affairs and Trade Péter Szijjártó has dismissed as "fake news" speculation in the media that a dispute...

Energy Trade

Croatia’s INA starts gas production from new Adriatic well

Croatian oil and gas company INA said on Thursday it has started natural gas production from a new well on...

Energy Trade

Sanctions will not be extended to energy, Orbán says at EU summit

Prime Minister Viktor Orbán said sanctions against Russia will not be extended to energy in a video message posted on...

Energy Trade

Ukraine Crisis: OMV considering Nord Stream 2 involvement

Vienna-based oil and gas company OMV has told the Budapest Business Journal that gas supply to Austria is being maintained,...

Energy Trade

Ukraine Crisis: MOL says Hungary’s energy supply is secure

Hungarian oil and gas giant MOL has told the Budapest Business Journal that it has enough capacity to ensure energy...

Energy Trade

PGNiG natgas to cut gas price for small businesses 

Polish natural gas group PGNiG's retail unit PGNiG OD is cutting natural gas price for its business clients further with...

Energy Trade

Romania’s Electrica subsidiary EFSA expands in Hungary

Romanian power supplier and distributor Electrica Group said that its supply subsidiary Electrica Furnizare S.A. (EFSA) was granted an electricity...

Energy Trade

Wizz Air’s Váradi: ‘Fly the Greenest’

József Váradi, CEO of the Hungary-based low-cost carrier Wizz Air Group, has taken the unusual step for an airline boss...

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...