Energy Trade

Energy Trade

Serbia to consider MOL offer – minister

The Energy Ministry will discuss MOL’s initiative of forming an integrated gas distribution company....

Energy Trade

Serbia to consider MOL offer – minister

The Energy Ministry will discuss MOL’s initiative of forming an integrated gas distribution company....

Energy Trade

Iran to invest $480 bln in oil and gas over 28 years

Iran is planning to increase its oil production to 5.3 million barrels per day in the next seven years, up...

Energy Trade

Iran to invest $480 bln in oil and gas over 28 years

Iran is planning to increase its oil production to 5.3 million barrels per day in the next seven years, up...

Energy Trade

Russia will not drop South Stream project due to rival pipeline

Moscow will not cancel the South Stream natural gas pipeline over a rival project, Nabucco, which will supply Caspian gas...

Energy Trade

Russia will not drop South Stream project due to rival pipeline

Moscow will not cancel the South Stream natural gas pipeline over a rival project, Nabucco, which will supply Caspian gas...

Energy Trade

Gas price deal with Ukraine guarantees supplies to EU – Medvedev

The natural gas price agreement reached with Ukraine will guarantee uninterrupted supplies of Russian gas to Europe in 2008, the...

Energy Trade

Gas price deal with Ukraine guarantees supplies to EU – Medvedev

The natural gas price agreement reached with Ukraine will guarantee uninterrupted supplies of Russian gas to Europe in 2008, the...

Energy Trade

Russia, Ukraine reach new gas deal at 38% higher price

Russia and Ukraine have agreed on a natural gas supply deal, under which Ukraine will raise its payments to Russia...

Energy Trade

Russia, Ukraine reach new gas deal at 38% higher price

Russia and Ukraine have agreed on a natural gas supply deal, under which Ukraine will raise its payments to Russia...

Energy Trade

Hungary: Gas prices to rise 5%

There will be a 5% gas price hike as of January 1, 2008, said Economy Minister János Kóka on Saturday,...

Energy Trade

Hungary: Gas prices to rise 5%

There will be a 5% gas price hike as of January 1, 2008, said Economy Minister János Kóka on Saturday,...

Energy Trade

LUKoil starts gas production at Uzbekistan’s Khauzak

Russia’s largest independent crude producer LUKoil has started producing gas from the Khauzak field in southwest Uzbekistan, the company’s CEO...

Energy Trade

LUKoil starts gas production at Uzbekistan’s Khauzak

Russia’s largest independent crude producer LUKoil has started producing gas from the Khauzak field in southwest Uzbekistan, the company’s CEO...

Energy Trade

Gazprom and Germany’s BASF form JV

Gazprom and German chemicals giant BASF AG have formed a joint venture Gazprom NSGP Trading, the press office of the...

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...