Energy Trade

Energy Trade

Hungary receiving full amount of gas from Ukraine

Hungary is receiving the full amount of gas stipulated by contract from Ukraine, FGSZ, the gas-delivery a unit of Hungarian...

Energy Trade

Ukraine and Hungary discuss gas situation in secrecy

Hungary and Ukraine discussed ways to ensure secure their supply of energy at emergency talks held in Budapest yesterday, just...

Energy Trade

US energy envoy: Gas deliveries between regional countries should be enhanced

Special Envoy and Coordinator for International Energy Affairs CarlosPascual said yesterday, in Budapest, that gas deliveries between countries in central...

Energy Trade

Hungary and Turkmenistan talk about gas pipelines

Hungarian Development Minister Miklós Seszták held talks in Budapest yesterday with his Turkmeni counterpart, Hojamuhammedov Baymyrat, deputy prime minister for...

Energy Trade

How Hungarian companies are affected by the Ukrainian crisis

Russia is the biggest partner of Hungary outside of the European Union. Ukraine is the second most important if you...

Energy Trade

President touts Qatar LNG to Visegrád Four nations

Hungary could soon start buying liquefied natural gas (LNG) exported by Qatar, President János Áder said after talks with the...

Energy Trade

Decline in gas, electricity consumption

Gas and electricity consumption of Hungary has been on a decline for several years, as analytics of Energetics and Public...

Energy Trade

Bringing technology to oil fields

Affordable, reliable energy makes possible every daily comfort we take for granted, and serves as the lifeblood of our global...

Energy Trade

MEKH reassures on national natural gas supply

In an apparent attempt to mollify concerns regarding the country’s natural gas supply, the Hungarian Energy Regulatory Office (MEKH) released...

Energy Trade

National Development Ministry: Hungary’s gas supply secure

Natural gas supplies are secure according to the statement made by the National Development Ministry on Friday, despite the havoc...

Energy Trade

MVM to purchase Budapest stake in Főgáz

The state-owned Hungarian Electricity Works (MVM) will purchase the Budapest Municipal Council’s 50%-plus-one-share stake in regional gas-distributor Főgáz by July...

Energy Trade

Linc to acquire Wildhorse Energy UCG business in Hungary

Australia-based Linc Energy today announced an agreement to acquire all underground coal gasification (UCG) business of its compatriot firm Wildhorse...

Energy Trade

Report: Budapest utility prices among lowest in Europe

Retail gas and electricity prices in Hungary are now among the lowest in Europe, after a round of government-mandated price...

Energy Trade

PM, Gazprom chairman in agreement on South Stream pipeline [Updated]

An agreement on planning the Hungarian stretch of the South Stream pipeline was signed in Budapest on Wednesday, in the...

Energy Trade

MOL stake in strategic gas reserve operator to cost HUF 140 billion

The acquisition of Hungarian oil and gas company MOL’s 72% stake in MMBF Földgáztároló, which operates the country’s strategic gas...

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...