Energy Trade

Energy Trade

FGSZ confirms gas export to Ukraine

FGSZ, Hungary's gas transmission system operator, confirmed today that gas exports to Ukraine have resumed and approximately 2.6 million cubic...

Energy Trade

Ukraine resumes gas imports from Hungary

Ukraine resumed imports of natural gas from Hungary at 11 a.m. local time on Saturday, Interfax-Ukraine reported citing the press...

Energy Trade

Hungary to invite tenders for coal mining concessions

Hungary is planning to invite tenders for coal mining concessions in less than five regions this year on a trial...

Energy Trade

New EU decree on boilers takes effect in September

Under a European Union decree taking effect as of the end of September, Hungarians who are planning to install new...

Energy Trade

Ormánsági Zöldenergia to build new biogas plant

Hungarian energy firm Ormánsági Zöldenergia is planning to build a new biogas power plant in Vajszló in southwestern Hungary, with...

Energy Trade

EIB supports upgrading of energy sector infrastructure in Hungary

The European Investment Bank (EIB) is lending €100 mln to state owned Hungarian electricity works MVM to finance the implementation...

Energy Trade

MVM’s long-term strategy unaffected by scrapped South Stream plan

Russia's decision to scrap plans to build the South Stream pipeline will not affect the long-term strategy of the state-owned...

Energy Trade

Szijjártó: South Stream’s dead, we need new plan

Hungary needs to find new sources to ensure the security of its energy supplies for the long term, Foreign Minister...

Energy Trade

Hungary cools Ukrainian hopes for gas supply

Hungary's National Development Minister played down Ukraine's hopes for a fast renewal of gas supplies, saying this country would not...

Energy Trade

Szijjártó: EU, Russia should accelerate dialogue on South Stream

The construction of the South Stream gas pipeline is in the interest of both Hungary and Serbia, and the whole...

Energy Trade

Aradszki: South Stream the only option

Hungary aims to start building its stretch of the Russian-backed South Stream gas pipeline next year despite European and U.S....

Energy Trade

Gazprom chief: Hungarian gas supply secure

The 700 mln cubic meters of Russian natural gas currently stored in Hungarian facilities provides a guarantee of the security...

Energy Trade

MET to take over Hungarian retail power portfolio of GDF Suez

Energy trader MET Magyarország Energiakereskedő, a company 40% owned by Hungarian oil and gas company MOL, is reportedly planning to...

Energy Trade

Hungary, Azerbaijan sign declaration of strategic partnership

Prime Minister Viktor Orbán and Azeri President Ilham Aliyev met today in Budapest and announced that Hungary and Azerbaijan have...

Energy Trade

Hungary opens the way for South Stream pipeline

In approving work on the South Stream Pipeline, the Hungarian government was conducting authorization procedures for building and operating pipelines...

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...