Energy Trade

Energy Trade

Emfesz launches retail gas sales

Emfesz, the biggest player on Hungary's deregulated gas market, started sales on the retail market on June....

Energy Trade

Emfesz launches retail gas sales

Emfesz, the biggest player on Hungary's deregulated gas market, started sales on the retail market on June....

Energy Trade

EU formally accuses Gaz de France, E.ON of market sharing

The European Commission formally charged Germany's E.ON and France's Gaz de France, two leading gas suppliers in Europe, with market...

Energy Trade

EU formally accuses Gaz de France, E.ON of market sharing

The European Commission formally charged Germany's E.ON and France's Gaz de France, two leading gas suppliers in Europe, with market...

Energy Trade

Russian firm to invest $30 bln on gas project in Nigeria

Russian gas company, Gazprom, has concluded plans to invest $30 billion on developing a new gas transport pipeline project in...

Energy Trade

Russian firm to invest $30 bln on gas project in Nigeria

Russian gas company, Gazprom, has concluded plans to invest $30 billion on developing a new gas transport pipeline project in...

Energy Trade

Petrom seeks transport routes

Romanian oil and gas company Petrom would like to start exporting gas through a pipeline under construction to run between...

Energy Trade

Petrom seeks transport routes

Romanian oil and gas company Petrom would like to start exporting gas through a pipeline under construction to run between...

Energy Trade

Russia’s Gazprom predicts $250 oil by 2009

Russia's Gazprom, the supplier of a quarter of Europe's natural gas, expects the price of crude oil to almost double...

Energy Trade

Russia’s Gazprom predicts $250 oil by 2009

Russia's Gazprom, the supplier of a quarter of Europe's natural gas, expects the price of crude oil to almost double...

Energy Trade

US still opposes Iranian and Russian gas in Nabucco project

US Special Envoy for Eurasian Energy at the Mission of the United States to the European Union C. Boyden Gray...

Energy Trade

US still opposes Iranian and Russian gas in Nabucco project

US Special Envoy for Eurasian Energy at the Mission of the United States to the European Union C. Boyden Gray...

Energy Trade

Russia to double Ukraine gas price

Russia will almost double the price it charges Ukraine for natural gas supplies from January 1, 2009, Russian Foreign Minister...

Energy Trade

Russia to double Ukraine gas price

Russia will almost double the price it charges Ukraine for natural gas supplies from January 1, 2009, Russian Foreign Minister...

Energy Trade

Nord Stream gas project serves Europe’s energy interests – Medvedev

The Nord Stream pipeline being built under the Baltic Sea to pump natural gas directly from Russia to Germany serves...

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...