Energy Trade

Energy Trade

Hungary, Slovakia sign MoU on gas interconnector expansion

Hungary and Slovakia signed a memorandum of understanding on Friday on expanding gas interconnector capacity, state news wire MTI reports....

Energy Trade

Hungary could start taking deliveries of Azeri gas from 2023

Hungary could start taking deliveries of 1 billion-2 bln cubic meters of gas from Azerbaijan from 2023, Minister of Foreign...

Energy Trade

Ukraine’s Naftogaz receives USD 578 mln from Gazprom for gas transit

State-owned Naftogaz Ukrainy received USD 578.4 million in January from Russia’s Gazprom to ensure natural gas transit during three months,...

Energy Trade

Hungarian Gas Supply: Streams and Interference

Besides Ukraine and migration, certainly the most intensely communicated issue by Hungary’s Ministry of Foreign Affairs and Trade in 2019...

Energy Trade

Gas deliveries to Hungary through TurkStream could start in 2 years

Deliveries of Russian gas through the TurkStream pipeline could first start from late 2021 or early 2022 to Hungary, state...

Energy Trade

Ministry publishes new National Energy Strategy

The Innovation and Technology Ministry has published Hungaryʼs recently approved new National Energy Strategy that outlines priorities until 2030, state...

Energy Trade

Construction begins on Polish-Lithuanian gas pipeline

Work has begun to build a gas link between Lithuania and Poland in an effort to connect the transmission systems...

Energy Trade

Liquefied Gas Business: Lacking a Strong Foothold (For Now)

Energy experts were in Budapest in the first week of December to discuss the liquefied natural gas market. Balázs Barabás...

Energy Trade

Gas transport through unbundled Ukrainian TSO starts

Hungarian gas transmission system operator (TSO) FGSZ has started taking deliveries of Russian gas through Ukraineʼs unbundled gas TSO following...

Energy Trade

EBRD helps Moldova secure winter gas supplies

With a USD 50 million pledge, the European Bank for Reconstruction and Development has arranged a financial safety net to...

Energy Trade

Hungary to consider long-term Gazprom deal

Minister of Foreign Affairs and Trade Péter Szijjártó received the CEO of Gazprom in his office yesterday, hinting at a...

Energy Trade

Russian natural gas exports to Austria hit new high

Russian natural gas exports to Austria have reached a new high during the year so far, heads of the two...

Energy Trade

Hungary, Slovakia boosting gas interconnector capacity

Hungarian and Slovak authorities are working to boost capacity of an interconnector between the two countriesʼ gas networks, Minister of...

Energy Trade

Serinus Energy granted extension of Satu Mare exploration

Channel Islands-based oil and gas exploration company Serinus Energy said on Thursday it will start drilling the Moftinu-1004 gas well...

Energy Trade

Hungary could buy LNG from Qatar from 2021

Hungary could start taking deliveries of liquefied natural gas (LNG) from Qatar from 2021, Minister of Foreign Affairs and Trade...

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...