Energy Trade

Energy Trade

Lithuania hopes on concessions during negotiations with Gazprom

Lithuania hopes to receive concessions as it begins gas price negotiations with Russian energy monopoly Gazprom, the Baltic country’s only...

Energy Trade

Gaz de France to develop large gas storage facility in England

Gaz de France has signed an agreement with INEOS Enterprises for the commercial development of a proposed salt cavern storage...

Energy Trade

Wintershall, Gazprom postpone prod start of Achimgaz JV

Wintershall AG and Russian natural gas monopoly OAO Gazprom have postponed the production start of their Achimgaz joint-venture by several...

Energy Trade

Russia’s Stroytransgaz completes gas pipeline in Greece

Russian pipeline-building company Stroytransgaz said Monday it had finished constructing a short natural gas pipe section in Greece, which extends...

Energy Trade

LUKoil completes construction of gas pipe section in Uzbekistan

LUKoil Overseas, the international projects operator of Russia’s largest independent crude producer LUKoil said Friday it has completed the construction...

Energy Trade

European gas storage: investment is politically sensitive

Gas storage capacity in the UK and Belgium is well below the European and North American average....

Energy Trade

Poland bent North the gas pipeline of Russia

Swiss Nord Stream AG that is the project operator for North European Gas Pipeline has announced the political adjustments in...

Energy Trade

Independent producers will pay Gazprom more

Gazprom is proposing a 20-40% price increase for independent natural gas producers transporting gas on trunk pipelines. A 20% price...

Energy Trade

More problems for Russo-German gas pipeline project

Gazprom’s corporate report for the Q2 of 2007, released on August 14, officially puts the cost of building the Russo-German...

Energy Trade

Shell and ExxonMobil reportedly planning to sell German gas network

Global oil behemoths Royal Dutch Shell and ExxonMobil are thought to be planning the sale of BEB, the German natural...

Energy Trade

Azerbaijan, US to sign agreement on Trans-Caspian Gas Pipeline

Azerbaijan and the US are going to sign a grant agreement in Baku today with regards to the development of...

Energy Trade

Azerbaijan and Russia: Fight for gas market of Europe – analysis

Over the period of past 15 years, Azerbaijan managed not only to magnetize great investments but also to establish enough...

Energy Trade

Gazprom’s H1 unconsolidated earnings up 4.5%

Russian oil company Gazprom’s said Tuesday its unconsolidated earnings calculated to Russian Accounting Standards increased 4.5% year-on-year to 865 billion...

Energy Trade

Competition office looks into growing liquefied gas prices

Russia’s competition office has launched a probe into soaring prices on liquefied gas, a market largely controlled by Gazprom and...

Energy Trade

Belarus clears gas debt to Russia

Belarus has paid off its debt for gas to Russian gas giant Gazprom, Russian news agencies reported Wednesday....

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...