Energy Trade

Energy Trade

Russia’s Gazprom says Nord Stream 2 pipeline fully funded

The Nord Stream 2 project is fully supported with funds, and there is no need to raise extra money for...

Energy Trade

Hungary joins Pan-European day-ahead power market

The electricity markets of the 4M MC region of the Central and Eastern European countries (Hungary, Czech Republic, Slovakia, Romania)...

Energy Trade

ČEZ Distribution Bulgaria to invest in grid automation

ČEZ Distribution Bulgaria, the local unit of Czech state-owned energy company ČEZ, said that it will invest some BGN 1.7...

Energy Trade

Bulgaria’s ESO opens tender for repair, construction of power lines

Bulgaria's state-owned Electricity System Operator (ESO) said on Monday that it launched a BGN 275.5 million (USD 171.8 million) tender,...

Energy Trade

Hungary reaches deal ‘in principle’ on Russian gas purchases

Hungary has reached an agreement "in principle" on a long-term contract for buying gas from Russia, Minister of Foreign Affairs...

Energy Trade

Serbia to guarantee EUR 169 mln in Srbijagas loans for gas grid expansion

Serbia's government plans to issue guarantees on loans with a total value of EUR 169 million (USD 207 million) extended...

Energy Trade

Romania’s Delgaz Grid to invest EUR 126 mln in 2021

Romanian electricity and natural gas distributor Delgaz Grid, a member of Germany's E.ON group, said on Tuesday that it plans...

Energy Trade

Slovenia met 55% of own energy needs in 2020

Slovenia met 55% of its energy needs from own sources of energy in 2020, reducing its energy dependence by 7...

Energy Trade

Poland reveals details of merger to create multi-energy giant

Poland's state treasury will increase its stake in fuel giant PKN Orlen from 27.52% to 50%, State Assets Minister Jacek...

Energy Trade

Serbia withholding natural gas from Hungary

The Serbian state natural gas system operator Szrbijagasz is not providing Hungary with non-discriminatory access to the Horgos natural gas...

Energy Trade

BSTDB to lend EUR 15 mln for Romania’s offshore gas development

The Black Sea Trade and Development Bank (BSTDB) has provided a EUR 15 million (USD 18 million) loan for the...

Energy Trade

Lithuania spends over EUR 4 mln to upgrade gas pipelines

Lithuania's gas transmission system operator (TSO) Amber Grid has signed an agreement with the Lithuanian Business Support Agency (LVPA) to...

Energy Trade

Slovakia’s Bratislava port eyes LNG terminal

A liquefied natural gas (LNG) terminal, which will cost approx. EUR 40 million (USD 48.3 million), is being built in...

Energy Trade

Crude oil and copper to rise by over 10%: Goldman Sachs

Investment bank Goldman Sachs expects a 13.5% increase in commodity prices within six months, news wire PAP reports, according to...

Energy Trade

German foreign minister warns against halting Nord Stream 2 

German Foreign Minister Heiko Maas has rejected calls for the Nord Stream 2 gas pipeline project to be halted amid...

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...