Energy Trade

Energy Trade

GasNet opens first mobile LNG station in Czech Republic

GasNet, a Czech natural gas distributor, has put into operation the first public mobile self-serve unit for liquefied natural gas...

Energy Trade

MOL announces new gas discovery in Pakistan

Hungaryʼs oil and gas company MOL on Tuesday announced a new gas and condensate discovery in the TAL Block of...

Energy Trade

Spain’s Audax to acquire E.ON’s power retailer in Hungary

Spanish renewable energy and gas supplier Audax Renovables SA says it had signed an agreement to fully acquire Hungarian power...

Energy Trade

MVM unit to get Krk LNG only from W European market players

MFGK Croatia, the Croatian unit of the state-owned Hungarian Electricity Works (MVM), will get liquefied natural gas (LNG) from the...

Energy Trade

Bulgargaz to rebate EUR 103 mln to consumers due to cheaper gas

State-owned gas company Bulgargaz will refund BGN 201 million (over EUR 103 mln) to its clients, reports the Bulgarian News...

Energy Trade

MFGK books LNG regasification capacity at Krk terminal

MFGK Croatia, a unit of the state-owned Hungarian Electricity Works (MVM), has booked long-term liquefied natural gas (LNG) regasification capacity...

Energy Trade

Gas deliveries via Serbia set to start from Oct 2021

Hungary could start taking deliveries of gas via Serbia from October 2021, Minister of Foreign Affairs and Trade Péter Szijjártó...

Energy Trade

Romania’s Romgaz to invest EUR 3.2 bln by 2026

Romania’s state-controlled gas company, Romgaz, plans investments worth RON 15.7 billion (USD 3.55 bln) by 2025, according to the company’s...

Energy Trade

Naftogaz: No need for European gas imports now

Ukraineʼs state-owned Naftogaz Ukrayiny does not see the need to import gas from Europe in the coming months given the...

Energy Trade

Gas demand growth in Europe nearly erased as COVID-19 sends continent into lockdown

European gas demand in 2020 is likely to drop by 0.7% compared to the pre-coronavirus forecast, according to Rystad Energy’s...

Energy Trade

Hungary to take delivery of further 2.2 bln cubic meters of Russian gas

Hungary will take delivery of a further 2.2 billion cubic meters of gas from Gazprom this year, meaning the country’s...

Energy Trade

Transgaz commits to export 1.75 bln m³ of gas to Hungary annually

The European Commission on Friday made legally binding the commitments offered by Romaniaʼs Transgaz to export gas to Hungary, according...

Energy Trade

Ukraine’s Naftogaz in talks with US to kill off Nord Stream 2 gas link, CEO says

Ukraine’s state-owned gas company Naftogaz Ukrainy is in talks with the United States on what further measures could be taken...

Energy Trade

Serbia’s onshore extension of TurkStream gas link laid, minister says

Serbia’s onshore extension of the TurkStream gas pipeline had been laid, the country’s Energy Minister Aleksandar Antić said on February...

Energy Trade

Hungary stands by offer to acquire stake in Croatia LNG terminal

Hungary stands by its offer to buy a minority stake in a liquefied natural gas (LNG) terminal Croatia is building,...

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...