Energy Trade

Energy Trade

Szijjártó: Energy Supplies to Hungary Are ‘Secure’

The government can guarantee Hungary's continued energy security even after Ukrainian restrictions of gas deliveries, Péter Szijjártó, the minister of...

Energy Trade

Szijjártó: Closing of Energy Delivery Routes ‘Unacceptable’

The closing of either natural gas or crude delivery routes is "unacceptable" and goes against expectations that have to be...

Energy Trade

1st Regional Electricity Exchange in CEE Starts Functioning

The first regional electricity exchange in CEE, in which Serbia, Slovenia and Hungary participate, started functioning, according to a report...

Energy Trade

Alteo Earnings Slip, Albeit From High Base

Net income of listed alternative energy company Alteo fell 24% year-on-year to HUF 8.6 bln in Q1-Q3, an earnings report...

Energy Trade

Hungary Gas Reserves Above Early Nov Target Level

Gas volume in Hungary's storage facilities is above the target level of 90%, the energy ministry said on Friday, according...

Energy Trade

Hungary, Gazprom Sign Deal on Competitively-priced Gas

State-owned Hungarian energy group MVM and Russia's Gazprom have signed a supplementary commercial contract that will ensure the continued delivery...

Energy Trade

September Fuel Prices Under Regional Average

Prices at the pump in Hungary were under the average in neighboring countries in the month of September, data compiled...

Energy Trade

Stored Natural Gas Rises to 6 bln Cubic Meters

With 6 billion cubic meters of natural gas in storage facilities, Hungary is suitably prepared for winter, the energy ministry...

Energy Trade

MOL Signs Deal to Develop Gas Reserves in Azerbaijan

Hungary's MOL and its joint venture partners have signed commercial agreements to develop gas reserves in Azerbaijan, the oil and...

Energy Trade

MVM H1 Revenue Falls 22% Y.O.Y.

The first-half sales revenue of state-owned energy group MVM fell 22% year-on-year to HUF 2.156 trillion, according to an earnings...

Energy Trade

Ganz’s Giant Transformer to Connect Hungarian and Eastern European Power Grids

Ganz has delivered its highest voltage transformer since its reorganization to one of the most important facilities in Hungary's electricity...

Energy Trade

MOL Reaches Agreements Securing Druzhba Crude Deliveries

Hungarian oil and gas company MOL on Monday announced that it concluded agreements to secure the continuous transport of crude...

Energy Trade

MOL Not informed of Any Changes to Druzhba Deliveries

Hungarian oil and gas company MOL has not received any indication that deliveries of crude through the Druzhba pipeline would...

Energy Trade

Ukraine May Halt Russian Oil Transit via Druzhba Pipeline Next January

Ukraine will stop the transit of Russian oil through the Druzhba pipeline across its territory beginning January 2025, according to...

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...

Energy Trade

Orbán: Ukraine Could Restore Crude Deliveries From Monday

Ukraine could restore deliveries of Russian crude to Hungary from Monday, Viktor Orban, Hungary's outgoing prime minister, said in a...

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...

Orbán: Ukraine Could Restore Crude Deliveries From Monday

Ukraine could restore deliveries of Russian crude to Hungary from Monday, Viktor Orban, Hungary's outgoing prime minister, said in a...

Fuel Reserves Fall Sharply as Price Cap Sustainability Questioned

Newly released data on fuel reserves highlight a parallel economic issue that could have significant implications for the country’s energy...