Energy Trade

Energy Trade

Gazprom after new projects in Venezuela

Gazprom discussed its possible involvement in new projects in Venezuela at negotiations in the South American country, Russia’s state-controlled natural...

Energy Trade

Turkey closer to becoming energy bridge between East-West

Erdoğan and Karamanlis are expected to meet in coming weeks for the inaugration of a pipeline that will carry Azerbaijani...

Energy Trade

Gazprom considers buying into Serbian state oil monopoly NIS

Russian energy giant Gazprom said on Tuesday it is considering bidding for a stake in state-owned Serbian oil monopoly Naftna...

Energy Trade

Serbia in talks with Gazprom over new pipeline

Alexei Miller, who chairs the Management Committee of Russia’s single largest oil and gas company, Gazprom, arrived in Belgrade on...

Energy Trade

Gaz de France invest in Romania’s gas storage

Gaz de France acquires a 59% stake in Depomures, the second-largest Romanian natural gas storage operator that runs the facility...

Energy Trade

Total studies an LNG receiving terminal in Croatia

Total SA announces the formation of the new company, Adria LNG, to study the construction of a regaseification terminal for...

Energy Trade

Russia to cut gas to Ukraine – Gazprom

Ukraine, which transports 80% of Russian gas supplies to Western Europe, if Kiev does not pay over a billion dollars...

Energy Trade

Italy’s gas system may crash in crisis, Enel CEO says

Italian power company Enel’s CEO Fulvio Conti has said that the country’s natural gas supplies are vulnerable and that the...

Energy Trade

Russia’s Novatek buys 50% in Egypt offshore gas field

Russia’s Novatek said Thursday it had bought 50% in a concession agreement for oil and gas exploration and development of...

Energy Trade

Gazprom might have to pay more for Turkmen gas

Turkmen President Gurbanguly Berdymuhammed began his first visit to the US by acknowledging there is tension in the gas talks...

Energy Trade

Russian, German firms win pipe tender for Nord Stream

German and Russian manufacturers will supply the pipes for the first stage of the trans-Baltic project to bring Russian natural...

Energy Trade

Naftogaz of Ukraine eager to do business with Beltransgaz, Belorusne

National gas and oil monopoly Naftogaz of Ukraine is interested in accomplishing joint projects together with Belarusian gas company Beltransgaz...

Energy Trade

Brazil confirms light oil discovery

Brazil’s state-owned Petrobras confirmed on Thursday the existence of light oil in a second well in the Tupi exploration area...

Energy Trade

Letter from Europe: Guessing game focuses on European energy

A new Great Game is unfolding in Central Asia, where the British and Russian empires contended for supremacy over this...

Energy Trade

Hungary: E.ON to launch major capacity expansion

In 2009 natural gas storage company E.ON Földgáz Storage Zrt will complete the expansion of its storage capacity in Hungary...

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...