Energy Trade

Energy Trade

French energy giant withdraws from gas investment in Iran

French energy company Total has withdrawn from investing in Iran because of the growing political risk of doing so, its...

Energy Trade

French energy giant withdraws from gas investment in Iran

French energy company Total has withdrawn from investing in Iran because of the growing political risk of doing so, its...

Energy Trade

Gazprom eyes Libyan gas, oil exports

Russian gas export monopoly Gazprom wants to buy any additional natural gas produced by Libya and some of the country’s...

Energy Trade

Gazprom eyes Libyan gas, oil exports

Russian gas export monopoly Gazprom wants to buy any additional natural gas produced by Libya and some of the country’s...

Energy Trade

Lundin makes Torphins discovery

Lundin Petroleum’s exploration well 21/8-4 in the Torphins prospect is being marked as an oil and gas discovery....

Energy Trade

Lundin makes Torphins discovery

Lundin Petroleum’s exploration well 21/8-4 in the Torphins prospect is being marked as an oil and gas discovery....

Energy Trade

Gazprom: Central Asian gas purchase prices to double in 2009

Gazprom expects the price of gas it buys from Central Asia to at least double next year, the Russian gas...

Energy Trade

Gazprom: Central Asian gas purchase prices to double in 2009

Gazprom expects the price of gas it buys from Central Asia to at least double next year, the Russian gas...

Energy Trade

Eni signs gas sales contracts with Russia’s TGK-9

Eni has signed contracts for gas sales with Russian power producer TGK-9 for 350 million cubic meters by 2010, the...

Energy Trade

Eni signs gas sales contracts with Russia’s TGK-9

Eni has signed contracts for gas sales with Russian power producer TGK-9 for 350 million cubic meters by 2010, the...

Energy Trade

Ukraine: Naftogaz debt to RosUkrEnergo over $2 billion – update

The debt of Ukrainian oil and gas company Naftogaz to monopoly exporter RosUkrEnergo, 50% owned by Russian energy giant Gazprom,...

Energy Trade

Ukraine: Naftogaz debt to RosUkrEnergo over $2 billion – update

The debt of Ukrainian oil and gas company Naftogaz to monopoly exporter RosUkrEnergo, 50% owned by Russian energy giant Gazprom,...

Energy Trade

MP calls for advancing Hungarian-Azerbaijani economic ties

Hungarian Prime Minister Ferenc Gyurcsány called for a continued dynamic development of economic ties with Azerbaijan, after arriving in Baku...

Energy Trade

MP calls for advancing Hungarian-Azerbaijani economic ties

Hungarian Prime Minister Ferenc Gyurcsány called for a continued dynamic development of economic ties with Azerbaijan, after arriving in Baku...

Energy Trade

Turkey sees Nabucco gas line accords in months

Turkish Prime Minister Tayyip Erdogan said inter-governmental and transit country accords for the Nabucco pipeline project will be signed within...

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...