Energy Trade

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

Ukraine PM heads for Moscow after gas deal agreed

Ukrainian Prime Minister Yulia Tymoshenko heads for Moscow on Wednesday after the ex-Soviet state’s president, her uneasy political partner, clinched...

Energy Trade

Ukraine PM heads for Moscow after gas deal agreed

Ukrainian Prime Minister Yulia Tymoshenko heads for Moscow on Wednesday after the ex-Soviet state’s president, her uneasy political partner, clinched...

Energy Trade

Gas OPEC to lead to monopolization of gas export – extended

The establishment of a gas OPEC will lead to the monopolization of the export of this kind of fuel and...

Energy Trade

Gas OPEC to lead to monopolization of gas export – extended

The establishment of a gas OPEC will lead to the monopolization of the export of this kind of fuel and...

Energy Trade

Russian company wins Turkmen China pipeline tender

A top Russian engineering company has won a tender to built a segment of a new natural gas pipeline that...

Energy Trade

Russian company wins Turkmen China pipeline tender

A top Russian engineering company has won a tender to built a segment of a new natural gas pipeline that...

Energy Trade

PGNiG’s Persian plan

Poland’s gas monopoly, the Polish Oil and Gas Company (PGNiG), has inked a preliminary deal with an Iranian state-owned oil...

Energy Trade

PGNiG’s Persian plan

Poland’s gas monopoly, the Polish Oil and Gas Company (PGNiG), has inked a preliminary deal with an Iranian state-owned oil...

Energy Trade

NWFP and MOL sign agreement to explore oil and gas in Pakistan

The provincial government of NWFP and MOL Pakistan, a Hungary-based oil and gas exploring company Saturday entered into a land...

Energy Trade

NWFP and MOL sign agreement to explore oil and gas in Pakistan

The provincial government of NWFP and MOL Pakistan, a Hungary-based oil and gas exploring company Saturday entered into a land...

Energy Trade

Hungary: Emfesz does not expect gas supply problems

Although Hungarian natural gas supplies are not threatened by the Russian-Ukrainian price dispute for the time being, Hungarian consumers should...

Energy Trade

Hungary: Emfesz does not expect gas supply problems

Although Hungarian natural gas supplies are not threatened by the Russian-Ukrainian price dispute for the time being, Hungarian consumers should...

Energy Trade

Gazprom woos Europe, says to avoid supply tension

Gazprom is determined to prevent further conflicts with its gas exporting neighbors and to cement ties with its European clients,...

Energy Trade

Gazprom woos Europe, says to avoid supply tension

Gazprom is determined to prevent further conflicts with its gas exporting neighbors and to cement ties with its European clients,...

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...