Energy Trade

Energy Trade

UK supports Nabucco

UK Minister for Europe Affairs Jim Murphy said at the press-conference in Baku that during short-term visit to Baku they...

Energy Trade

UK supports Nabucco

UK Minister for Europe Affairs Jim Murphy said at the press-conference in Baku that during short-term visit to Baku they...

Energy Trade

Gas price surge threatens bigger bills

Wholesale British gas prices have surged this year, outpacing European markets and raising the prospect of bigger energy bills for...

Energy Trade

Gas price surge threatens bigger bills

Wholesale British gas prices have surged this year, outpacing European markets and raising the prospect of bigger energy bills for...

Energy Trade

The end of the era of cheap gas

The beginning of the 2008 marked with the fact that Russia has agreed to increase payments for Turkmen gas from...

Energy Trade

The end of the era of cheap gas

The beginning of the 2008 marked with the fact that Russia has agreed to increase payments for Turkmen gas from...

Energy Trade

Russia mulls stronger partnership with Uzbekistan

The Kremlin has moved to strengthen ties with Uzbekistan, Central Asia’s most populous nation, through the Russia-led Collective Security Treaty...

Energy Trade

Russia mulls stronger partnership with Uzbekistan

The Kremlin has moved to strengthen ties with Uzbekistan, Central Asia’s most populous nation, through the Russia-led Collective Security Treaty...

Energy Trade

Iran to import 30 mcm of Turkmen gas daily

Iran will import around 30 million cubic meters of gas per day from Turkmenistan and the two neighbors will study...

Energy Trade

Iran to import 30 mcm of Turkmen gas daily

Iran will import around 30 million cubic meters of gas per day from Turkmenistan and the two neighbors will study...

Energy Trade

Ukraine, Russia ready for long-term gas contracts

Ukrainian Prime Minister Yulia Tymoshenko and her Russian counterpart Viktor Zubkov said the two countries are ready for long-term gas...

Energy Trade

Ukraine, Russia ready for long-term gas contracts

Ukrainian Prime Minister Yulia Tymoshenko and her Russian counterpart Viktor Zubkov said the two countries are ready for long-term gas...

Energy Trade

Russia to supply 8 mln tons of LNG to Japan in 2009

From 2009, Russia will supply eight million metric tons of liquefied natural gas (LNG) annually to Japan through the Sakhalin...

Energy Trade

Russia to supply 8 mln tons of LNG to Japan in 2009

From 2009, Russia will supply eight million metric tons of liquefied natural gas (LNG) annually to Japan through the Sakhalin...

Energy Trade

Iran gives ultimatum to Total, Shell

Iran has warned Royal Dutch Shell and Total if they fail to agree on developing South Pars gas field, it...

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...