Energy Trade

Energy Trade

High interest at Hungary feed-in tariff tender

The Hungarian Energy and Public Utilities Regulatory Office (MEKH) received offers for 1,009 GWh of electricity generated from renewable resources...

Energy Trade

Electricity prices rise in June

Due to rising demand, rising costs, and low wind power generation, electricity prices continued to rise in June in both...

Energy Trade

MVM seeks leadership role in hydrogen production

The goal of the MVM Group is to become Hungary's indisputable leader in the production of carbon-free hydrogen by 2030,...

Energy Trade

MET acquires wind park in Bulgaria

Swiss energy company MET Group has acquired a 100% stake in a 60-megawatt wind park in Bulgaria, after signing a...

Energy Trade

Electricity market players polled on risk preparedness draft

Domestic participants of the electricity market were given one month to inform the Energy Office what they thought about the...

Energy Trade

EC closes probe into restrictions on gas exports from Romania, Transgaz says

The European Commission has closed an investigation into alleged restrictions on natural gas exports from Romania to other European Union...

Energy Trade

Solarpro, GreenYellow team up to build PV plants in Eastern Europe

Bulgarian solar energy group Solarpro Holding and France-based decentralized solar photovoltaic (PV) production company GreenYellow entered a strategic partnership to...

Energy Trade

Gas becoming more expensive in Europe – EC

According to the European Commission, the jump in LNG (liquefied natural gas ) prices on Asian markets and low stock...

Energy Trade

Excelerate, Snam, Albgaz sign MoU on potential gas pipeline in Albania

U.S.-based liquefied natural gas (LNG) company Excelerate Energy said it has signed a Memorandum of Understanding (MoU) with Italian energy...

Energy Trade

Romania gets Russian gas at the lowest price in Europe in Q1

The price paid by Romania for the Russian natural gas in the first quarter of 2021 was the lowest in...

Energy Trade

EU gas consumption in Q1 up on year

Gas consumption in the EU-27 in the first quarter of 2021 rose by 7.6% year-on-year to 141.8 Bcm (billion cubic...

Energy Trade

Poland’s PKN Orlen considers boosting crude oil processing in Lithuania

Orlen Lietuva, a subsidiary of the Polish oil and gas company PKN Orlen, has signed a letter of intent (LoI)...

Energy Trade

Sections of Serbian, Hungarian gas pipeline joined

The Hungarian and Serbian sections of a pipeline connecting the countries' gas networks was welded together in Horgos, a Serbian...

Energy Trade

Poland’s Gaz-System says it has begun building Baltic Pipe

Polish gas grid operator Gaz-System says it has started building the Baltic Pipe link between Denmark and Poland. The project...

Energy Trade

Romgaz enters exclusive negotiations with ExxonMobil for Black Sea project

Romanian state-controlled gas producer Romgaz has entered exclusive negotiations with US oil group ExxonMobil for its stake in the Neptun...

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...