Energy Trade

Energy Trade

Hungary, Serbia, Slovenia Could Launch Electricity Exchange in H1

Hungary, Serbia, and Slovenia could start operating a regional electricity bourse in the first half of the year, Minister of...

Energy Trade

MOL: Janaf Prices ‘Unfair’

Prices Croatian pipeline operator Janaf is charging Hungary's MOL for crude deliveries are "disproportionately high" and "unfair", the oil and...

Energy Trade

MOL to Phase in Excise Tax Increase Gradually

Hungarian oil and gas company MOL will build a HUF 41/liter vehicle fuel excise tax increase into its petrol and...

Energy Trade

MOL Announces Start of Production at Gas Field in Kazakhstan

Hungarian oil and gas company MOL on Friday announced the start of production at a gas field in Kazakhstan with...

Energy Trade

Bulgaria Repeals Law on Higher Gas Transit Fee

Bulgaria has repealed a law that raised the transit fee for gas from Russia, Minister of Foreign Affairs and Trade...

Energy Trade

Orbán Gets Assurances Bulgaria Will Scrap Gas Transit Fee

Boyko Borisov, the former prime minister of Bulgaria and the head of political party Gerb, told Prime Minister Viktor Orbán...

Energy Trade

Hungary Energy Supply Secure – Minister

Hungary's energy supply is secure: the country's five big gas stores are full, Energy Affairs Minister Csaba Lantos told parliament's...

Energy Trade

MVM to Pay Early Dividend

State-owned energy group MVM on Monday announced a decision on the payment of a HUF 309 billion early dividend, according...

Energy Trade

Hungary Mulls LNG Purchases From Venezuela

Hungary is weighing the possibility of buying LNG from Venezuela, Minister of Foreign Affairs and Trade Péter Szijjártó said after...

Energy Trade

Hungary Gas Stores 98% Full

Hungary's gas stores are 98% full, Energy Affairs Minister Csaba Lantos said in a post on social media on Friday,...

Energy Trade

Hungary, Romania Agree to Boost Gas Interconnector Capacity

Hungary and Romania agreed to boost gas interconnector capacity at a meeting between Minister of Foreign Affairs and Trade Péter...

Energy Trade

Szijjártó Urges Neighbors to ‘Join Forces’ to Boost Gas Transit Capacity

Minister of Foreign Affairs and Trade Péter Szijjártó pressed neighboring countries to work together to boost gas transit capacity in...

Energy Trade

Croatia’s INA Starts Production at its 1st Gas Well in Egypt

Croatian oil and gas group INA said on Thursday it has put into production its first gas well in Egypt....

Energy Trade

Gazprom Sending Additional gas to Hungary, China

Gazprom PJSC will send additional gas to China and Hungary this year, Alexey Miller, the company's chief executive, said in...

Energy Trade

Is Cabinet Mulling Action on Fuel Costs to Boost Growth?

While 2023 seems to be something of a write-off in terms of economic development for the government, the messaging generally...

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...