Energy Trade

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

LUKoil to invest $5.5 bln in Uzbekistan by 2015

Russian oil major LUKoil plans to invest $5.5 billion in the gas-rich Central Asian state of Uzbekistan by 2015, company...

Energy Trade

LUKoil to invest $5.5 bln in Uzbekistan by 2015

Russian oil major LUKoil plans to invest $5.5 billion in the gas-rich Central Asian state of Uzbekistan by 2015, company...

Energy Trade

Gas exporters to meet in Tehran on April 28

An alliance of the world’s leading gas producers will hold a ministerial meeting in Tehran on April 28, the head...

Energy Trade

Gas exporters to meet in Tehran on April 28

An alliance of the world’s leading gas producers will hold a ministerial meeting in Tehran on April 28, the head...

Energy Trade

Gazprom, Qatar discuss joint energy investment prospects

Gazprom and Qatar’s state-owned oil and gas company Qatar Petroleum are considering joint investment projects in the energy sector, the...

Energy Trade

Gazprom, Qatar discuss joint energy investment prospects

Gazprom and Qatar’s state-owned oil and gas company Qatar Petroleum are considering joint investment projects in the energy sector, the...

Energy Trade

Gazprom voices concern over South Stream Serb section delay

Russian energy giant Gazprom is concerned over delays in the ratification of the South Stream gas pipeline agreement by Serbia,...

Energy Trade

Gazprom voices concern over South Stream Serb section delay

Russian energy giant Gazprom is concerned over delays in the ratification of the South Stream gas pipeline agreement by Serbia,...

Energy Trade

Azerbaijan allows possibility of gas export to Greece in 2008

Azerbaijan does not exclude the fact, that a part of its gas produced from the Shah Deniz field will enter...

Energy Trade

Azerbaijan allows possibility of gas export to Greece in 2008

Azerbaijan does not exclude the fact, that a part of its gas produced from the Shah Deniz field will enter...

Energy Trade

LUKoil could buy Regal Petroleum’s gas assets in Ukraine – paper

Russia’s largest independent crude producer LUKoil is in talks with UK-based Regal Petroleum on buying its gas deposits in Ukraine,...

Energy Trade

LUKoil could buy Regal Petroleum’s gas assets in Ukraine – paper

Russia’s largest independent crude producer LUKoil is in talks with UK-based Regal Petroleum on buying its gas deposits in Ukraine,...

Energy Trade

Iran, Gazprom sign oil and gas memorandum

The Iranian government and Russian energy giant Gazprom have reached an agreement on oil and gas cooperation, the national Iranian...

Energy Trade

Iran, Gazprom sign oil and gas memorandum

The Iranian government and Russian energy giant Gazprom have reached an agreement on oil and gas cooperation, the national Iranian...

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...