Energy Trade

Energy Trade

Hungary to spend HUF 150 bln in EU funding on flood defense

Hungary will spend some HUF 150 bln in European Union funding on flood defence in the 2014-2020 budget period, a...

Energy Trade

Gas, electricity consumption grows

Consumption of both natural gas and electricity rose in Hungary despite milder winter, as compared to the previous one, by...

Energy Trade

Lázár seeks to review utility companies on suspicion of overcharging

Cabinet Chief János Lázár said on Saturday that he plans to conduct a review of how utility companies measure and...

Energy Trade

Orbán keen to transport gas to Hungary via Turkey

Hungarian Prime Minister Viktor Orbán on Tuesday called for efforts to ensure the transport of gas to central Europe, Hungary...

Energy Trade

Kiev’s failure to pay gas bill could cost EU its supply

Ukraine has two days to pay the bills before Russia cuts off its gas supplies. This of course “creates serious...

Energy Trade

Hungarian gas deliveries to Ukraine climb 15%

Gas deliveries to Ukraine via Hungary have increased by 15% to 5.9 mln cubic meters per day, Ukraine's gas transmission...

Energy Trade

Ukraine expects 10% more gas through Hungary

Ukraine expects daily gas flow through Hungary to grow 10% to 5.5 million cubic meters from today, Maxim Belyavsky, public...

Energy Trade

Szijjártó: Russia secures gas for 3-5 years for Hungary

According to the agreement signed yesterday by Hungary’s Prime Minister Viktor Orbán and Russia’s President Vladimir Putin, the amount of...

Energy Trade

Hungary, Russia sign gas deal

Hungary’s Prime Minister Viktor Orbán and Russia’s President Vladimir Putin agreed during a meeting held in Budapest yesterday that Hungary...

Energy Trade

Hungary discusses energy with Serbia

Prime Ministers Viktor Orbán of Hungary and Aleksandar Vucic of Serbia, and Foreign Ministers Péter Szijjártó of Hungary and Ivica...

Energy Trade

MOL to launch deliveries through Friendship pipeline

Crude deliveries through a stretch of the Friendship I pipeline, which has undergone an $80 mln renovation, will start next...

Energy Trade

Gas deliveries from Hungary to Ukraine slow

Gas deliveries from Hungary to Ukraine has dropped dramatically — from approximately 3 million cubic meters to about 5,000 cubic...

Energy Trade

Report: Gazprom examines option to use Hungary gas storages

Russia’s Gazprom is looking into the possibility of keeping Russian gas in Hungary’s big underground reservoirs, Hungarian news agency MTI...

Energy Trade

Hungarian gas deliveries to Ukraine rise 38%

Hungary’s export of gas to Ukraine has grown by 38% to 3.7 million cubic meters since last January, Ukraine's gas...

Energy Trade

MOL to measure carbon-oxide reserves in the Szeged region

MOL has acquired the mining concession of an area near Szeged and plans to spend HUF 5.6 bln over 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...