Energy Trade

Energy Trade

Croatia’s Janaf extends oil storage deal with BP Oil International

Croatian state-owned oil pipeline operator Jadranski Naftovod (Janaf) said on Tuesday it has extended an oil storage deal with London-based...

Energy Trade

Hungary reaches deal with Russia on gas deliveries

Hungary has reached a political agreement with Russia on the continuation of gas deliveries after its long-term contract expires in...

Energy Trade

Serbia plans to complete construction of gas link with Bulgaria by 2023

Serbia expects to complete the construction of the gas interconnection with Bulgaria by the beginning of 2023, Serbia's Energy Minister...

Energy Trade

Deliveries from Croatian LNG terminal start

The state-owned Hungarian Electricity Works (MVM) on Monday said the Croatian unit of its gas trading company MFGK took its...

Energy Trade

Itron to close Gödöllő plant in early 2022

Itron announced that it is contemplating relocating production from its Gödöllő plant. Production is estimated to be relocated by the...

Energy Trade

Energy companies burdened by epidemic

In addition to recent low oil and gas prices and the oncoming green transition, the epidemic is posing an extreme...

Energy Trade

Bulgarian energy regulator approves 14.1% hike in natgas price for Nov

Bulgariaʼs energy regulator said that it approved an increase of the wholesale price of natural gas to BGN 28.21 (EUR...

Energy Trade

Polish PGNiG and Norwegian Aker BP expand cooperation

Polish energy company PGNiG has revealed that its international trading arm, PGNiG Supply & Trading GmbH (PST) and Norwegian oil...

Energy Trade

Eesti Energia to establish separate free market network services company

On Jan. 1, 2021, a new service company Enefit Connect will start operating, as part of the Eesti Energia Group,...

Energy Trade

Hungarian storage facilities hold 6.49 bln cubic meters of gas

Based on data gathered between September 21 and 27, storage facilities in Hungary hold a combined 6.49 billion cubic meters...

Energy Trade

MOL plans eurobond issue

Hungarian oil and gas company MOL on Tuesday announced plans to issue a eurobond, according to a report by state...

Energy Trade

Romania is one step closer to link Black Sea fields to shore

Romania took an important step to starting the exploitation of its first gas deposit offshore as Romania-based oil and gas...

Energy Trade

Pandemic sales plunge puts MOL in red in Q2

Hungarian oil and gas company MOL booked a second-quarter loss of HUF 41.5 billion as sales plummeted because of the...

Energy Trade

Poland’s PGNiG discovers more gas in the Podkarpacie region

Polish oil and gas company PGNiG announced it has successfully drilled another well on the Mielec–Bojanów fields. Together with the...

Energy Trade

Poland’s PGNiG imports of LNG rise 25% in H1

Polish gas monopoly PGNiG imported liquified natural gas (LNG) equivalent to 2.2 billion cubic meters (bcm) of natural gas in...

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...