Energy Trade

Energy Trade

Hungary eyes LNG imports from Italy via Slovenia

Hungary and Slovenia could apply jointly for European Union funding to connect their gas networks, allowing Hungary to import liquefied...

Energy Trade

Hungary gas reserves at 2.7 bln cubic meters

Hungarian gas storage facilities held 2.7 bln cubic meters of gas reserves at January 15, Hungarian Energy and Public Utility...

Energy Trade

Hungary could start buying Croatian gas by end of 2019

The establishment of an interconnector with reverse-flow capability could allow Hungary to buy gas from Croatia by the end of...

Energy Trade

MOL inaugurates gas processing plant in Pakistan

Hungarian oil and gas company MOL on Tuesday said its Pakistani unit inaugurated a USD 15 million gas processing plant...

Energy Trade

Romanian, Hungarian FMs discuss gas interconnector

Romania has agreed to establish the technical conditions to export natural gas to Hungary by 2020 and would increase capacity...

Energy Trade

Hungary, Slovakia ink Eastring pipeline deal

Hungary and Slovakia on Monday signed a declaration of intent on the construction of the Eastring gas pipeline, a transmission...

Energy Trade

EIB lends BRUA pipeline EUR 50 mln

The European Investment Bank (EIB) is lending EUR 50 million to Transgaz, the national gas transmission company of Romania, to...

Energy Trade

National utilities co. buys regional gas distributor

Hungaryʼs state-owned NKM National Utilities Ltd. said on Tuesday it has signed a contract with ENGIE International Holdings B.V. (the...

Energy Trade

Szijjártó: Hungary must buy gas from Russia

Infrastructure does not leave much room for maneuver for Hungary regarding gas imports. The only solution after 2021 is still...

Energy Trade

Kurdistan partners file for arbitration against MOL

Crescent Petroleum and Dana Gas have sold their shares in Hungarian oil and gas company MOL, their partner in the...

Energy Trade

Gazprom gas supplies to Hungary up 26.6% y-o-y

Russian gas and oil company Gazprom reported a sharp increase of gas delivered to Hungary and the other countries which...

Energy Trade

MET Group sets up units in Italy, Bulgaria

Hungarian-owned energy trader MET Group on Monday announced the establishment of subsidiaries in Italy and Bulgaria, state news wire MTI...

Energy Trade

Hungary, Azerbaijani foreign ministers meet in Budapest

Minister of Foreign Affairs and Trade Péter Szijjártó met with his Azerbaijani counterpart Elmar Mammadyarov in Budapest today, according to...

Energy Trade

Szijjártó, Gazpromʼs Miller sign pipeline agreement

Minister of Foreign Affairs and Trade Péter Szijjártó signed an agreement with Gazprom CEO Alexey Miller in Moscow Wednesday on...

Energy Trade

Hungary, Croatia sign declaration of intent on reverse gas flows

Hungary and Croatia signed a declaration of intent Tuesday to enable reverse gas flows between the two countries, Hungarian news...

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...