Energy Trade

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

Bulgaria, Azerbaijan seeking cooperation on gas supplies

Bulgaria’s Economy and Energy Minister Peter Dimitrov signed a letter of intent Wednesday with his Azerbaijani counterpart Natik Aliev over...

Energy Trade

Bulgaria, Azerbaijan seeking cooperation on gas supplies

Bulgaria’s Economy and Energy Minister Peter Dimitrov signed a letter of intent Wednesday with his Azerbaijani counterpart Natik Aliev over...

Energy Trade

Gazprom ready to buy Azerbaijani gas at market prices – envoy

Russian energy giant Gazprom is prepared to buy Azerbaijani natural gas at European market prices minus transport expenses, Russia’s ambassador...

Energy Trade

Gazprom ready to buy Azerbaijani gas at market prices – envoy

Russian energy giant Gazprom is prepared to buy Azerbaijani natural gas at European market prices minus transport expenses, Russia’s ambassador...

Energy Trade

Baltic gas pipe planner sees build permits end ‘09

The Russian-German company planning a gas pipe under the Baltic Sea said on Tuesday it expected to get permission from...

Energy Trade

Baltic gas pipe planner sees build permits end ‘09

The Russian-German company planning a gas pipe under the Baltic Sea said on Tuesday it expected to get permission from...

Energy Trade

Iran to launch gas pipeline construction under Nabucco project

Iran will start work this year to build a pipeline as part of the Western-backed Nabucco project designed to pump...

Energy Trade

Iran to launch gas pipeline construction under Nabucco project

Iran will start work this year to build a pipeline as part of the Western-backed Nabucco project designed to pump...

Energy Trade

Hungary’s July 1 gas price hike 9.9%

Hungary will hike gas prices to households by 9.9% as of July 1 as global energy prices have risen, the...

Energy Trade

Hungary’s July 1 gas price hike 9.9%

Hungary will hike gas prices to households by 9.9% as of July 1 as global energy prices have risen, the...

Energy Trade

Coal seam gas seen as Asia’s next hot energy play

Surging gas prices are increasingly drawing new investors to Asia’s nascent coalbed methane (CBM) seams, an underutilized energy source that...

Energy Trade

Coal seam gas seen as Asia’s next hot energy play

Surging gas prices are increasingly drawing new investors to Asia’s nascent coalbed methane (CBM) seams, an underutilized energy source that...

Energy Trade

Nabucco pipeline cost rises to €7.9 bln

The consortium planning to build and operate the Nabucco pipeline to bring Caspian area gas to western Europe said on...

Energy Trade

Nabucco pipeline cost rises to €7.9 bln

The consortium planning to build and operate the Nabucco pipeline to bring Caspian area gas to western Europe said on...

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...