Energy Trade

Energy Trade

Szijjártó: Nuclear Power Could Mean More Energy Security for Hungary

The construction of the additional nuclear power units at Paks is on schedule and on course to make Hungary a...

Energy Trade

Bulgaria Defends Decision to Tax Russian Gas Imports

Bulgaria's government has defended its decision to impose a new tax on Russian gas transiting through the country as Hungary...

Energy Trade

Hungary, Serbia Protest Bulgaria’s Tax on Transit Gas From Russia

The governments of Hungary and Serbia said a decision by Bulgaria to levy a tax on the transit of their...

Energy Trade

Hungary Gas Consumption Falls 15% in 2022

Gas consumption in Hungary fell 14.9% to 9.41 bln cubic meters last year, an annual report compiled by the Hungarian...

Energy Trade

Hungary, Slovenia Sign MoU on Gas Interconnector

Hungary and Slovenia signed a memorandum of understanding in Budapest on Wednesday on the construction of an interconnector between the...

Energy Trade

Bulgaria, Hungary to Cooperate on LNG for CEE

Bulgarian state-owned gas supplier Bulgargaz and Hungarian peer MVM CEEnergy have agreed to cooperate in the delivery and trading of...

Energy Trade

Hungary Looks to Bulgaria to Boost Gas Transit Delivery Capacity

Bulgarian President Rumen Radev offered assurances that Hungary could count on Bulgaria to boost transit delivery capacity for gas that...

Energy Trade

Hungary-Slovenia Gas Interconnector Cleared

The construction of an interconnector between the gas networks of Hungary and Slovenia has been given the go-ahead, Minister of...

Energy Trade

Erdoğan Holds Energy Cooperation Talks With Orbán

Bilateral energy cooperation talks took place between Prime Minister Viktor Orbán and Turkish President Recep Tayyip Erdoğan in Budapest on...

Energy Trade

Hungary Receiving LNG From Qatar From 2027

Hungary will begin to receive shipments of liquefied natural gas from Qatar in 2027, Minister of Foreign Affairs and Trade...

Energy Trade

MOL Chief Weighs in on Sanctions

Hungarian oil and gas company MOL chairman-CEO Zsolt Hernádi said time had shown that sanctions couldn't "bring Russia to its...

Energy Trade

Lantos: Energy Supply Secure

In terms of both electricity and gas supply, there is security of supply in Hungary, stated Minister of Energy Csaba...

Energy Trade

H1 Gas Consumption Dropped 18.2% y.o.y.

Gas consumption in Hungary dropped 18.2% year-on-year to around 4.7 billion cubic meters in the first half, the Ministry of...

Energy Trade

Hungary Could Start Taking Qatari Gas Deliveries From 2027

Hungary could start taking deliveries of Qatari gas from 2027, Minister of Foreign Affairs and Trade Péter Szijjártó said ahead...

Energy Trade

Hungary Gas Store Levels at 4.5 bln Cubic Meters

Gas in stores in Hungary stands at 4.5 billion cubic meters, level with 44% of annual consumption, the Ministry of...

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...