Energy Trade

Energy Trade

China launches 2nd West-to-East gas pipeline project

China on Friday launched its second West-to-East natural gas transmission pipeline, which will mainly carry natural gas from Turkmenistan and...

Energy Trade

China launches 2nd West-to-East gas pipeline project

China on Friday launched its second West-to-East natural gas transmission pipeline, which will mainly carry natural gas from Turkmenistan and...

Energy Trade

Korea, Uzbekistan agree on gas development

Korea’s state-run Korea Gas Corp. will sign a preliminary accord with Uzbekistan’s state-owned Uzbeknefgaz next week to jointly develop a...

Energy Trade

Korea, Uzbekistan agree on gas development

Korea’s state-run Korea Gas Corp. will sign a preliminary accord with Uzbekistan’s state-owned Uzbeknefgaz next week to jointly develop a...

Energy Trade

Gazprom, Ukraine PM fail to reach agreement, talks to continue – update

Ukrainian Prime Minister Yulia Tymoshenko on Friday rebuffed Russian accusations over huge missing gas volumes and blamed Moscow-imposed middlemen in...

Energy Trade

Gazprom, Ukraine PM fail to reach agreement, talks to continue – update

Ukrainian Prime Minister Yulia Tymoshenko on Friday rebuffed Russian accusations over huge missing gas volumes and blamed Moscow-imposed middlemen in...

Energy Trade

Gazprom confirms Shtokman LNG export start in 2014

Russia’s Gazprom confirmed on Thursday it would start pipeline gas exports from its giant Arctic Shtokman gas deposit in 2013...

Energy Trade

Gazprom confirms Shtokman LNG export start in 2014

Russia’s Gazprom confirmed on Thursday it would start pipeline gas exports from its giant Arctic Shtokman gas deposit in 2013...

Energy Trade

Major gas find in the North Sea

Operator Eni Norge has reportedly made a major gas find on the Afrodite Field in the North Sea, due west...

Energy Trade

Major gas find in the North Sea

Operator Eni Norge has reportedly made a major gas find on the Afrodite Field in the North Sea, due west...

Energy Trade

Russian roulette on the pipelines

For many of us, the conclusion of the Cold War marked the beginning of the end of one of the...

Energy Trade

Russian roulette on the pipelines

For many of us, the conclusion of the Cold War marked the beginning of the end of one of the...

Energy Trade

Gazprom gets Kyrgyz gas field licenses

Kyrgyzstan awarded Gazprom exploration licenses on Wednesday for two oil and natural gas fields and invited the Russian gas monopoly...

Energy Trade

Gazprom gets Kyrgyz gas field licenses

Kyrgyzstan awarded Gazprom exploration licenses on Wednesday for two oil and natural gas fields and invited the Russian gas monopoly...

Energy Trade

Iran angered by Turkmen gas cut, still wants imports

Turkmenistan’s move to cut gas exports to Iran in December, may have sparked Iranian threats to find other suppliers but...

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...