Energy Trade

Energy Trade

Russia could store gas in Hungary, says daily

Hungary and Russia are thought to be ready to sign an agreement in the coming days on Russia storing 1...

Energy Trade

Hungary gas consumption up 6.7% in 2015

Gas consumption in Hungary rose 6.7% to 8.907 billion cubic meters last year, the Hungarian Energy and Utilities Regulatory Office...

Energy Trade

MVM, Electrochaea to build 10 MW power-to-gas plant

The state-owned Hungarian Electricity Works (MVM) has announced the establishment of a joint venture with German startup Electrochaea to build...

Energy Trade

MET makes first LNG deal

Hungarian MET Group’s West European natural gas trading arm, MET International AG, has made its first liquefied natural gas (LNG)...

Energy Trade

O+GD launches production at Hungarian license

Oil and gas company O+GD Central, a unit of the Dutch Sand Hill Petroleum, has launched production at a license...

Energy Trade

MVM Partner expands business to gas market

MVM Partner, the unit of state-owned Hungarian Electricity Works (MVM) Group, is expanding its current business of supplying electricity to...

Energy Trade

MET group adds LNG trading to its portfolio

MET International is adding LNG to its energy trading portfolio as the company sees great potential in the global expansion...

Energy Trade

Hungary, Slovenia to reach agreement on connecting gas, electricity networks

A joint cabinet meeting of the governments of Hungary and Slovenia held today is expected to result in agreements to...

Energy Trade

Főgáz takes over 600,000 E.ON clients

Főgáz, a unit of Hungaryʼs state-owned utilities company ENKSZ, took over 600,000 clients of gas distributor E.ON on January 1,...

Energy Trade

Főgáz ready to take over 600,000 E.ON clients

State-owned FŐGÁZ is prepared to take over 600,000 clients of gas distributor E.ON, the company said yesterday, according to Hungarian news agency...

Energy Trade

Russia halts gas to Ukraine, imports to Hungary continue

Following reports that Russia’s Gazprom cut off gas deliveries to Ukraine,  Magyar Földgázkereskedő, the gas trading unit of state-owned Hungarian...

Energy Trade

Hungaryʼs gas reserves reach 3.2 bln cubic meters

Hungaryʼs gas storage facilities currently contain 3.2 billion cubic meters of gas, well over the projected household demand, and more...

Energy Trade

State secretary: Govʼt plans further investments in energy sector

The Hungarian government is planning additional investments in the energy sector, state secretary Zsuzsa Németh said at a conference today,...

Energy Trade

MET group sets up units in Russia, Turkey

MET group, an energy trader established in Hungary in 2007, has set up subsidiaries in Russia and Turkey, the group...

Energy Trade

Hungaryʼs gas stores said to top last winterʼs household consumption

Hungaryʼs natural gas storage facilities held more than 3 billion cubic meters of gas at the end of September, the...

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...