Energy Trade

Energy Trade

BSOG to start gas extraction from Romanian offshore project in Q1

Romania-based Black Sea Oil & Gas (BSOG) said on Tuesday that it expects to begin extracting natural gas from its...

Energy Trade

Hungary at odds with EC’s energy market deregulation plan

Hungary does not agree with the European Commission's plan for energy market deregulation, as its timing is too early and...

Energy Trade

Polish LNG terminal expansion progressing

Polish LNG company Gaz-System S.A. says a gigantic wall of a new liquified natural gas (LNG) tank was put up...

Energy Trade

Storage market to ‘add 30 GW a year by 2030’

The global energy storage market will add over 30 GW (gigawatt) a year by 2030, up 250% on 2021 levels,...

Energy Trade

Hungary signs long-term gas supply agreement with Gazprom

Hungary has signed a long-term gas supply agreement with Russia's Gazprom on Monday that will guarantee Hungary's energy security for...

Energy Trade

Black Sea Oil & Gas installs gas platform off Romania

Romanian energy company Black Sea Oil & Gas (BSOG) has installed its Ana offshore production platform in the Black Sea,...

Energy Trade

MVM Partner enters new markets

MVM Partner, the electricity trader of state-owned energy company MVM Group, entered markets in Belgium, the Netherlands and Greece from...

Energy Trade

OMV Petrom delivers LNG to fuel Romania’s 1st LNG operated ship 

Romanian energy company OMV Petrom has completed the first delivery of liquefied natural gas (LNG) to Damen Shipyards Mangalia, where...

Energy Trade

Slovak gas pipeline operator to transport green hydrogen in the future

Slovak gas transmission system operator Eustream should transport, in addition to natural gas, hydrogen, local media reported....

Energy Trade

Polish PGNiG, Venture Global finalize US LNG supply deal

Poland's oil and gas company PGNiG (Polskie Górnictwo Naftowe i Gazownictwo SA) has finalized a recently announced deal under which...

Energy Trade

Poland’s PGNiG takes over Ukrainian peer

Polish Oil and Gas Company (PGNiG) has bought a majority stake in the Ukrainian company Karpatgazvydobuvannia, holding a gas exploration...

Energy Trade

Hungary, Russia hammer out details of long-term gas deal

Hungary has worked out "all details" and "all issues" of a long-term gas delivery agreement with Russia that will replace...

Energy Trade

EBRD buys 25% stake in Romania’s Transgaz subsidiary in Moldova

Romanian gas transmission company Transgaz said on Wednesday that the European Bank for Reconstruction and Development (EBRD) has become a...

Energy Trade

Ukraine targets gas reserves of over 19 bcm ahead of winter

Accumulated gas reserves in underground storage facilities have already reached more than 17.5 billion cubic metres (bcm), but Ukraine hopes...

Energy Trade

Romania strengthens nuclear cooperation with Canada

Romania and Canada have signed a memorandum of understanding (MoU) in Bucharest to strengthen cooperation in the field of nuclear...

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...