Energy Trade

Energy Trade

Ukraine resumes gas deliveries from Hungary

Deliveries of gas from Hungary to Ukraine resumed in October following a one-month hiatus, Ukrainian transmission system operator Ukrtransgaz said...

Energy Trade

Főgáz closes acquisition of GDF Suez retail gas business

State-owned gas distributor Főgáz has closed the purchase of GDF Suezʼs retail business in Hungary, the First National Utilities Company...

Energy Trade

Hungaryʼs gas reserves at 28% of capacity in run-up to winter

Hungary has about 1.2 bln cubic meters of gas in reserves around the country, well under the 3.1 bln at...

Energy Trade

Stop gambling, you can choose fixed gas prices

Have you ever thought of this: when you buy gas to cover your company’s demand, your decision-making process is similar...

Energy Trade

Főgáz acquires Hungarian subsidiary of GDF Suez

State-owned gas distributor Főgáz signed an agreement with GDF International to buy GDF Suez Energia Magyarország; the deal could be...

Energy Trade

European Commission clears MTel, MET Holding JV

The European Commission reported on Thursday that it had approved the establishment of a joint venture by Magyar Telekom, the...

Energy Trade

Ukraine resumes moderate level of gas imports from Hungary

Ukraine will resume gas imports from Hungary, albeit at low volumes, Hungarian news agency MTI reported yesterday, citing Interfax-Ukraine. ...

Energy Trade

Főgáz submits offer to take over Tigáz clients

State-owned Főgáz has submitted an offer to take over the retail clients of regional gas distributor Tigáz, the Hungarian Energy...

Energy Trade

Report: Főgáz takes over peersʼ clients, but not overdue bills

Hungarian state-owned gas distributor Főgáz reportedly took over the retail clients of a number of its peers, however, it is...

Energy Trade

Hungary teams up with neighbors to integrate gas market

Hungary and 14 other European Union and Energy Community countries in the Central Eastern Europe and South East European regions...

Energy Trade

Szijjártó: Hungary-Croatia relations at ‘low point’

Relations between Hungary and Croatia are at a "low point", Minister of Foreign Affairs and Trade Péter Szijjártó told  Hungarian...

Energy Trade

Hungary-Slovakia gas interconnector launches commercial operation

Commercial operation of an interconnector between the gas networks of Hungary and Slovakia was launched yesterday, Slovakian operator Eustream reportedly...

Energy Trade

Ukraine received gas from Hungary ahead of halt from Russia

Ukraine received shipments of 2.7 million cubic meters of natural gas from Hungary, 22.9 million cubic meter from Slovakia, and...

Energy Trade

Lázár envisages minimum wage, pension rising

The minimum wage in Hungary is expected to rise by 5.5% as of next year, while pensions could increase 1.6%,...

Energy Trade

Report: Főgáz could sell 1 bln cubic meters of deregulated gas

Gas distributor Főgáz could sell as much as 1 bln cubic meters of gas on the deregulated market in 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...