Energy Trade

Energy Trade

EU’s Kroes to settle gas cartel cases soon – paper

European Union Competition Commissioner Neelie Kroes wants to settle two cartel cases affecting the European natural gas market in the...

Energy Trade

Gazprom to develop four new sites in Vietnam

Gazprom has reached an agreement with Vietnam’s state oil and gas company Petrovietnam to develop four new deposits on the...

Energy Trade

Gazprom to develop four new sites in Vietnam

Gazprom has reached an agreement with Vietnam’s state oil and gas company Petrovietnam to develop four new deposits on the...

Energy Trade

UK energy expert warns of global crisis

Jeremy Leggett, an energy consultant for the British government, predicts a global energy crisis within the next five years as...

Energy Trade

UK energy expert warns of global crisis

Jeremy Leggett, an energy consultant for the British government, predicts a global energy crisis within the next five years as...

Energy Trade

Analysis – Iranian gas pipeline: facts and fiction

There is no reason for India to hesitate to proceed with the IPI pipeline, merely because of apprehensions of the...

Energy Trade

Analysis – Iranian gas pipeline: facts and fiction

There is no reason for India to hesitate to proceed with the IPI pipeline, merely because of apprehensions of the...

Energy Trade

UK: Energy bills set to rise by over 45%

Experts warned householders that their annual gas bills may rise by almost half next winter. The warning came as Centrica...

Energy Trade

UK: Energy bills set to rise by over 45%

Experts warned householders that their annual gas bills may rise by almost half next winter. The warning came as Centrica...

Energy Trade

Azerbaijan joins the Middle East

Azerbaijan’s massive hydrocarbon resources have begun to attract the attention of an increasing number of energy-poor nations in the Middle...

Energy Trade

Azerbaijan joins the Middle East

Azerbaijan’s massive hydrocarbon resources have begun to attract the attention of an increasing number of energy-poor nations in the Middle...

Energy Trade

Unconventional gas extraction in Hungary

Hungary’s MOL oil and gas company has entered into a partnership with ExxonMobil of the United States and Falcon Oil...

Energy Trade

Unconventional gas extraction in Hungary

Hungary’s MOL oil and gas company has entered into a partnership with ExxonMobil of the United States and Falcon Oil...

Energy Trade

E.ON sells 32 billion kWh of gas at 6th annual auction

Germany’s leading gas supplier E.ON Ruhrgas sold 32 billion kilowatt hours (kWh) of gas to 7 bidders in a web-based...

Energy Trade

E.ON sells 32 billion kWh of gas at 6th annual auction

Germany’s leading gas supplier E.ON Ruhrgas sold 32 billion kilowatt hours (kWh) of gas to 7 bidders in a web-based...

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...