Energy Trade

Energy Trade

Szijjártó: EU enlargement, energy security key for CEI

The Central European Initiative (CEI) should focus on accelerating EU enlargement toward the Western Balkans and increasing investments needed to...

Energy Trade

Szijjártó: EU enlargement, energy security key for CEI

The Central European Initiative (CEI) should focus on accelerating EU enlargement toward the Western Balkans and increasing investments needed to...

Energy Trade

FGSZ, Ukrtransgaz sign interconnection agreement

Hungarian gas delivery company FGSZ, a unit of MOL said it signed a new interconnection agreement on Friday with Ukrainian peer Ukrtransgaz on both...

Energy Trade

Operating permit issued for Hungary-Slovakia gas interconnector

Hungarian utilities regulator MEKH today issued an operating permit for an interconnector between the gas networks of Hungary and Slovakia,...

Energy Trade

MOL reports commercial discovery, acquisition in Pakistan

Hungarian oil and gas company MOL announced a commercial discovery today at a well it operates in the Pakistanʼs TAL...

Energy Trade

Tel Aviv’s Biomed 2015 welcomes Hungarian companies

Hungarian companies are showcasing medical equipment for prevention and treatment as well as natural health preparations at the country’s stand...

Energy Trade

Magyar Földgáztároló begins stockpiling gas for winter

Gas storage company Magyar Földgáztároló has begun stockpiling gas reserves for next winter, pumping 1.2 million cubic metres a day...

Energy Trade

Visiting minister anticipates Azeri gas to reach Europe within a year

Azeri gas is likely to be on the European market within a year, Azeri Minister of Economy and Industry Shahin...

Energy Trade

Testing period extended on Hungary-Slovakia gas link

The testing period for the new gas pipeline connecting Hungary and Slovakia has been extended until May 31, Slovak pipeline...

Energy Trade

Hungarian-Russian joint economic committee meets

Minister of Foreign Affairs and Trade Péter Szijjártó participated at a meeting of the Hungarian-Russian joint economic committee in Kazan,...

Energy Trade

WIS Holding inaugurates sawmill

Hungary-based real estate developer WIS Holding inaugurated a sawmill supported with a HUF 981 mln state and European Union grant...

Energy Trade

Hungary could become gas distribution center

Taking into account the countryʼs storage capacity, Hungary could become a regional gas distribution center with its gas supplied mainly...

Energy Trade

Bridge or Blockade? The Role of Gas in the Transition to Renewable Energy

The ongoing transition of global energy systems replaces fossil fuels with renewable energy such as wind, solar, and biomass. Renewable...

Energy Trade

EC clears operation of Hungarian-Slovakian interconnector

The European Commission (EC) has cleared the operation of the Hungarian-Slovakian gas interconnector pipeline following a change in the ownership...

Energy Trade

Official: Hungarian gas deliveries to Ukraine jump

Daily gas deliveries to Ukraine via Hungary reached 7.4 mln cubic meters on Monday, up sharply from 720,000 cubic meters...

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...