Energy Trade

Energy Trade

Russia hardens EU resolve to seek new energy supply – analysis

Renewed tension between Russia and Belarus has yet to disrupt energy flows, but still it has sharpened Western Europe’s desire...

Energy Trade

No way around gas, for now

With reliable alternatives remaining a relatively distant dream, Hungary, one of the most gas-dependent countries in Europe, will have to...

Energy Trade

Russia may start liberalizing associated gas market in late 2007

A plan for liberalizing the Russian market of associated petroleum gas could be adopted in the Q4 of 2007, the...

Energy Trade

Belarus to pay gas bill to Russia in full by Friday

Belarus will pay its remaining debt for Russian natural gas deliveries in full by Friday, a spokesman for the country’s...

Energy Trade

Ukraine may raise Russian gas transit rates – says security official

Ukraine may push for higher transit rates for Russian natural gas supplies to Europe, a deputy secretary of the Ukrainian...

Energy Trade

Putin calls for clear foreign investment rules in energy sector

Russia’s president called Monday for improvements to rules for foreign investment in the country’s oil and gas sector, to ensure...

Energy Trade

Pipe blast in Bulgaria cuts Russian gas supplies to Greece -2

Russian gas supplies to Greece have been brought to a halt following a blast on a section of gas pipeline...

Energy Trade

EU to convene think-tank meeting on Russia-Belarus gas dispute

The European Commission will convene a meeting of its gas coordination group next week to discuss Russia’s move to cut...

Energy Trade

E.ON acquires stakes from Shell

E.ON increases upstream activities by acquiring stake in Norwegian natural gas fields from Shell....

Energy Trade

Russia looks to bypass, buy into gas transit states – extended

Tension between Russia and Belarus over a $500 million unpaid gas bill is another reminder - should Moscow need one...

Energy Trade

Hungary ready to use Ukraine’s underground gas storage facilities

The Hungarian Power Companies Ltd. is holding talks with a Ukrainian state company on the use of underground gas storage...

Energy Trade

EU competition office probe energy firms

European competition office have launched a formal investigation of German energy firm E.ON and Gaz de France (GDF) over claims...

Energy Trade

OGDCL negotiating oil JV in China

Pakistan’s Oil and Gas Development Co. Ltd. (OGDCL) is in talks for its first overseas joint ventures in China and...

Energy Trade

Italy, Greece, Turkey sign gas pipeline deal

Italy, Turkey, and Greece have signed an agreement to build a pipeline to bring natural gas from the Caspian and...

Energy Trade

Russia-UK row may be due to Gazprom expansion – chief auditor

Worsening Russia-UK relations could be partly due to energy giant Gazprom's new role in the Sakhalin II project in Russia's...

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...