Energy Trade

Energy Trade

Electricity interconnectors in Hungary, Slovakia begin operation

Two interconnectors between the electricity networks of Hungary and Slovakia started commercial operation on Monday, doubling cross-border delivery volume, the...

Energy Trade

ENI-Novatek consortium begins offshore oil exploration in Montenegro

Italy's oil and gas company ENI and Russia's Novatek started exploratory drilling for oil in waters offshore Montenegro, reported web...

Energy Trade

Polish, Ukrainian gas giants to cooperate on exploitation, production

Polish oil and gas company PGNiG and Ukraine's state oil and gas company Naftogaz Group have signed a letter of...

Energy Trade

Bulgaria signs deal for design of Chiren gas storage upgrade

Bulgartransgaz, the natural gas transmission and storage system operator of Bulgaria, has signed a BGN 5.3 million (USD 3.2 million)...

Energy Trade

Greek electricity market coupling with Bulgaria set for May 11

Greece's next market-coupling step, a day-ahead market link with Bulgaria, following an equivalent step with Italy in December, is scheduled...

Energy Trade

Srbijagas signs deal with Bosnia’s Gas-Res for gas pipeline construction

Serbian state-owned natural gas monopoly Srbijagas said it has signed an agreement with Bosnian natural gas distributor Gas-Res for the...

Energy Trade

INA buying 20% working interest in Egypt exploration license

Croatian oil and gas company INA said on Tuesday it is acquiring a 20% working interest in a new onshore...

Energy Trade

Ukrainian gas import from EU overshadows re-export in 2021

Ukrainian natural gas imports from the European Union were greater than volumes re-exported from storage in the first two months...

Energy Trade

Natural gas, electricity prices fall for Slovenian households in Q4

Average natural gas prices for household consumers in Slovenia decreased by 4% in the fourth quarter of 2020, while electricity...

Energy Trade

Ukraine gas stocks highest for this time of year in a decade

Ukraine's gas storage sites held 18 Bcm (billion cubic meters) of natural gas as of March 1, which is 13%...

Energy Trade

Hungarian, Romanian gas interconnector capacity to Double

The capacity of an interconnector between the gas networks of Hungary and Romania will more than double from an annual...

Energy Trade

Ukraina’s Naftogaz announces MoU with Romanian OMV Petrom

State-owned UkrGasVydobuvannya, a subsidiary of Ukraine's Naftogaz dealing with natural gas production, announced that it signed a memorandum of understanding...

Energy Trade

NovaWind gets building permit for 60-MW wind project in Russia

Russian wind energy developer VetroSGC-2 has secured a construction permit to launch the 60-MW (megawatt) Medvezhenskaya wind farm project in...

Energy Trade

Bulgartransgaz completes deal for participation in Greek LNG terminal project

Gastrade, the Greek company developing the floating liquefied natural gas (LNG) terminal off the city of Alexandroupolis, announced last week...

Energy Trade

Hungary Striving to Meet Climate Targets, Energy Security Thru Diversity

Hungary has made significant progress in diversifying its energy sources and is investing heavily in, and modernizing and expanding, its...

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...