Energy Trade

Energy Trade

Fitch release on Kazakh oil, gas industry

Fitch Ratings has today said that an increased state role in the Kazakh oil and gas industry announced recently by...

Energy Trade

Fitch release on Kazakh oil, gas industry

Fitch Ratings has today said that an increased state role in the Kazakh oil and gas industry announced recently by...

Energy Trade

Gazprom may coordinate Central Asian gas price by July 1

Gazprom could coordinate the price for Central Asian natural gas which it supplies primarily to Ukraine by July 1, a...

Energy Trade

Gazprom may coordinate Central Asian gas price by July 1

Gazprom could coordinate the price for Central Asian natural gas which it supplies primarily to Ukraine by July 1, a...

Energy Trade

StatoilHydro makes fourth gas discovery on Hassi Mouina license

Norway’s StatoilHydro and Algeria’s Sonatrach have tested natural gas from Lower Carboniferous and Upper Devonian sandstones in their fourth exploration...

Energy Trade

StatoilHydro makes fourth gas discovery on Hassi Mouina license

Norway’s StatoilHydro and Algeria’s Sonatrach have tested natural gas from Lower Carboniferous and Upper Devonian sandstones in their fourth exploration...

Energy Trade

Interview: Gazprom to triple Shtokman gas output by 2020

Gazprom plans to double gas output from its Shtokman field within three years of launching the giant offshore project in...

Energy Trade

Interview: Gazprom to triple Shtokman gas output by 2020

Gazprom plans to double gas output from its Shtokman field within three years of launching the giant offshore project in...

Energy Trade

Egypt to sell oil, gas exploration licenses in south

Egypt said on Sunday it would sell oil and gas exploration and production rights in twelve areas around the country’s...

Energy Trade

Egypt to sell oil, gas exploration licenses in south

Egypt said on Sunday it would sell oil and gas exploration and production rights in twelve areas around the country’s...

Energy Trade

OMV pursues bid for MOL in fight against Gazprom

Wolfgang Ruttenstorfer spreads out a large map of Europe between us and, like a general planning a military campaign, his...

Energy Trade

OMV pursues bid for MOL in fight against Gazprom

Wolfgang Ruttenstorfer spreads out a large map of Europe between us and, like a general planning a military campaign, his...

Energy Trade

Swiss company signs major deal with Iranian gas producer

Swiss energy trading company EGL has signed a multibillion dollar contract to buy natural gas from Iran's national gas producer...

Energy Trade

Swiss company signs major deal with Iranian gas producer

Swiss energy trading company EGL has signed a multibillion dollar contract to buy natural gas from Iran's national gas producer...

Energy Trade

MOL agrees to examine regional national gas networks

Hungarian oil and gas company MOL agreed with regional partners on drawing up a feasibility study for a plan to...

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...