Energy Trade

Energy Trade

EC approves Bulgartransgaz participation in Greek LNG terminal project

The European Commission said on Monday that it has approved the acquisition of joint control of Gastrade, the Greek company...

Energy Trade

Polish PGNiG increases gas production in Norway

Polish oil and gas company PGNiG estimates its gas production on the Norwegian Continental Shelf (NCS) at around 2.6 billion...

Energy Trade

RWE to sell solar developer Belectric to Czech ČEZ

German energy company RWE AG is selling solar PV (photovoltaic) plant developer subsidiary Belectric to Czech power group ČEZ, Germany's...

Energy Trade

Market volatility squeezes Romanian gas traders out of business

Swiss-based natural gas supplier Restart Energy has abandoned its 18,000 clients in Romania quicker than initially announced, and it was...

Energy Trade

Romanian energy trader Restart pulls out of natural gas supply market

Restart Energy, an independent energy supplier in the Romanian market with a portfolio of around 50,000 customers on the electricity...

Energy Trade

Recovery slows due to supply chain, energy market issues

The economic recovery has slowed significantly in recent months due to supply chain damage and energy market problems, Gábor Regős,...

Energy Trade

Gazprom begins implementing plan for gas injection into 5 European storages

Russia's state-controlled Gazprom said Tuesday it had started to implement a plan for gas injection this month into five of...

Energy Trade

Gas prices in Europe rise as supplies remain scarce

Gas prices in Europe surged past EUR 80 a megawatt-hour (MWh) in the second week of November, as gas orders...

Energy Trade

Bulgaria grants 35-yr natgas transmission license to ICGB

ICGB, the company developing the Gas Interconnector Greece-Bulgaria project, said that Bulgaria's Energy and Water Regulatory Commission (EWRC) granted it...

Energy Trade

Energy leaders to discuss future of gas at 3. Budapest LNG Summit

A global energy crunch sent natural gas prices soaring and hitting record highs in the past month. What are the...

Energy Trade

Romania’s market regulator hikes regulated central heating price

Romanian energy market regulator ANRE approved the new regulated prices for the heat delivered to municipal distribution systems, local media...

Energy Trade

European Energy sells 3 Lithuanian projects

Danish renewable developer European Energy said it has divested three wind farms in Lithuania, its largest disposal to date....

Energy Trade

Slovakia ready for winter season, has sufficient gas supplies

A stress test ordered by the Economy Ministry showed that Slovakia has sufficient gas supplies for this winter season, state...

Energy Trade

Higher energy prices could ‘kill the middle class’ – Orbán

Prime Minister Viktor Orbán said European Commission initiatives linked to the Green Deal would raise energy prices and "kill the...

Energy Trade

Building Organic Growth on Stable Operations

MVM Partner CEO Kornél Czinege talks to the Budapest Business Journal about how the company is trying to reduce risks...

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...