Energy Trade

Energy Trade

Gov’t decree guarantees storage capacity for imported gas

A government decree published in the latest issue of the official gazette Magyar Közlöny guarantees utilities companies storage capacity for...

Energy Trade

U.S. against sale of MOL’s INA stakes to Gazprom

The U.S. opposes the sale of MOL’s 49% stake in INA – Croatia’s largest energy company – to Russian energy...

Energy Trade

Hungary could build South Stream Pipeline under new bill

Hungary could start building its own segment of the South Stream Pipeline, despite the EU objection to the project, under...

Energy Trade

Agreement reached between Russia and Ukraine on gas price

“Ukraine President Petro Poroshenko confirmed that an agreement has been reached with Russia on a provisional price for gas deliveries...

Energy Trade

Court overturns decision withdrawing INA drilling licenses

Croatia's highest court overturned an earlier ruling whereby oil and gas company INA, in which Hungarian oil and gas company...

Energy Trade

Hungary plans to restart gas flows to Ukraine in January

Hungary plans to restart gas deliveries to Ukraine in January, the local representative of Ukraine's state-owned Naftogaz told Hungarian business...

Energy Trade

Gas stores reach 65%

Hungary's gas stores contained 4 billion cubic metres by early October, reaching almost 65% capacity, the state-owned Hungarian Electricity Works...

Energy Trade

CNG and LNG: the next big step in the field of alternative fuels?

Dr. Dániel Varga: A new EU directive will set forth ambitious goals regarding the use of CNG and LNG as...

Energy Trade

Lázár: National utility provider up by March 2015

Hungary is planning to establish a national utility provider, which would be a state-run and non-profit utility holding company, Cabinet...

Energy Trade

Hungary halts Ukraine gas supply for ‘technical reasons’

Hungary’s gas pipeline network operator FGSZ announced late yesterday that it has indefinitely suspended gas supply to bordering Ukraine, saying...

Energy Trade

Orbán, Gazprom chief discuss gas supplies in BP

Hungary’s Prime Minister Viktor Orban reportedly met the head of Russia's fuel company Gazprom, Alexey Miller, in Budapest yesterday evening....

Energy Trade

Gazprom reduces gas shipments to EU

Russia's natural-gas flows into the EU dropped today as compared to last week, Slovak pipeline operator Eustream said. At the...

Energy Trade

MVM, Gazprom Export to discuss increased gas deliveries

Officials of the state-owned Hungarian Electricity Works (MVM) and Russian Gazprom will discuss further deliveries of gas from Russia to...

Energy Trade

Ukraine continues delivering gas via Hungary

Ukraine imported approximately 214 million cubic meters of gas via Hungary in June, Ukrainian news website dialog.ua reported yesterday, citing...

Energy Trade

Gas from Ukraine arrives intact, reserves filling up

The delivery of gas from Ukraine is proceeding according to contract, and Hungary's strategic gas reserves are being filled continuously,...

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...