Energy Trade

Energy Trade

E.ON sees pipeline investment decision in mid-2009

German utility E.ON and its Austrian partners plan to take a final investment decision on a gas pipeline to connect...

Energy Trade

Ministers agree to extend Arab gas pipeline to Europe

Oil ministers in the Arab gas pipeline project have agreed to extend the pipeline to the European market, the Egyptian...

Energy Trade

Ministers agree to extend Arab gas pipeline to Europe

Oil ministers in the Arab gas pipeline project have agreed to extend the pipeline to the European market, the Egyptian...

Energy Trade

GDF Suez buys into LUKOIL Azeri project

Russian oil company LUKOIL has sold France's GDF Suez a 15% stake in an offshore exploration project in Azerbaijan's sector...

Energy Trade

GDF Suez buys into LUKOIL Azeri project

Russian oil company LUKOIL has sold France's GDF Suez a 15% stake in an offshore exploration project in Azerbaijan's sector...

Energy Trade

Hungarian gov’t to end compensation for regulated gas prices

Hungary's government will no longer guarantee gas companies compensation in the form of centrally-regulated price increases for losses resulting from...

Energy Trade

Hungarian gov’t to end compensation for regulated gas prices

Hungary's government will no longer guarantee gas companies compensation in the form of centrally-regulated price increases for losses resulting from...

Energy Trade

OMV, RWE say plan for Nabucco not hurt by Georgia

Utilities OMV and RWE said the current conflict in Georgia is not affecting their plans to build the Nabucco pipeline...

Energy Trade

OMV, RWE say plan for Nabucco not hurt by Georgia

Utilities OMV and RWE said the current conflict in Georgia is not affecting their plans to build the Nabucco pipeline...

Energy Trade

Germany considers creating national gas reserve

Germany is considering setting up a natural gas reserve to reduce its dependency on imports from Russia, a spokeswoman for...

Energy Trade

Germany considers creating national gas reserve

Germany is considering setting up a natural gas reserve to reduce its dependency on imports from Russia, a spokeswoman for...

Energy Trade

E.ON Ruhrgas seeks more North Sea gas exposure

German utility giant E.ON Ruhrgas will actively bid for acreage in Norway’s upcoming licensing round as part of its expansion...

Energy Trade

E.ON Ruhrgas seeks more North Sea gas exposure

German utility giant E.ON Ruhrgas will actively bid for acreage in Norway’s upcoming licensing round as part of its expansion...

Energy Trade

PGNiG aims for 1.5 bcm gas extraction in Norway

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Energy Trade

PGNiG aims for 1.5 bcm gas extraction in Norway

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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...