Energy Trade

Energy Trade

EIB’s 1st Green Loan for Hungary Will Unlock EUR 300 mln for Improved Home Energy Efficiency

The European Investment Bank (EIB), the bank of the European Union, is to provide EUR 300 million to the Ministry...

Energy Trade

Serbia breaks ground for gas link with Bulgaria

Serbia started the construction of an EUR 85.5 million (USD 96.8 million) link to Bulgaria's gas distribution system, its government...

Energy Trade

Polish gas company to slow down investments

State-owned PGNiG, a dominant gas supplier to the Polish market, will slow down some investment projects due to unstable situation...

Energy Trade

FGSZ reaches agreement with Ukraine’s GTSOU

Hungarian gas transmission system operator FGSZ yesterday said it reached an agreement with the Gas Transmission System Operator of Ukraine...

Energy Trade

Strong LNG imports to Europe offset lower Russian gas flows

A flurry of LNG cargoes heading to Europe are likely to offset a sharp decrease in natural gas imports from...

Energy Trade

Cleaner Energy Goals Drive Automotive Industry Changes

Climate goals calling for cleaner energy to counter global warming and reverse its harmful effects are causing changes that are...

Energy Trade

Kosovo allocates EUR 75 mln to power price subsidies

Kosovo's government will allocate EUR 75 million of public expenditure to subsidies for electricity prices for households and businesses, aiming...

Energy Trade

Croatia’s Janaf in oil transportation deal with Serbia’s NIS

Croatian oil pipeline operator Janaf said on Tuesday it has signed a crude oil transportation deal with Serbian oil and...

Energy Trade

Russian gas export flows to Germany, Slovakia down in January

Over half of Russian natural gas supply to Europe's major markets via Germany and Slovakia has gone missing this calendar...

Energy Trade

Global oil, gas investments to hit USD 628 bln in 2022

Global oil and gas investments will expand by USD 26 billion this year as the industry continues its protracted recovery...

Energy Trade

LNG Alliance to construct LNG import terminal in Montenegro

Singapore-based project developer LNG Alliance has partnered up with Montenegro's state-owned power firm EPCG to look into liquid natural gas...

Energy Trade

MVM Energetika gets HUF 208 bln capital raise

Share capital at state-owned energy company MVM Energetika has been raised by HUF 208 billion to HUF 796.6 bln, MVM...

Energy Trade

Hungary, Ukraine gas TSOs agree on firm capacity offering

Hungarian gas transmission system operator (TSO) FGSZ on Wednesday said it reached an agreement with the Gas Transmission System Operator...

Energy Trade

V4 advocates action on rising energy prices in Brussels 

The Visegrád Group pressed for measures to stop climbing energy prices at a summit of European Union leaders in Brussels...

Energy Trade

Romania to increase gas storage capacity 

Romania wants to increase its natural gas storage capacity from 3 billion cubic meters to 4 billion cubic meters by...

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...