Energy Trade

Energy Trade

Aurelian announces results of testing well Arbore-1 in Northern Romania

Aurelian Oil & Gas PLC, the exploration and production company focused on Central Europe, announces that testing of its Arbore-1...

Energy Trade

Belarus fails to pay for gas

Yesterday was the deadline for Belarus to pay its $450-million gas bill for the H1 of the year. It did...

Energy Trade

The fight for energy resources in Black Sea region

The Black Sea represents one of the major stakes in the global competition for energy resources, concludes an analysis of...

Energy Trade

Gazprom wants access to French gas company assets

The Russian gas company Gazprom's access to assets of Suez – Gaz de France is seen as a component of...

Energy Trade

Iran and Turkey sign key Europe gas deal

Iran and Turkey have signed a preliminary agreement to pump Iranian gas to Europe via Turkey, a move that will...

Energy Trade

Gazprom chooses Total for Shtokman first phase

Gazprom has chosen French oil major Total SA as a partner in the first stage of developing the vast Shtokman...

Energy Trade

Russian gas finds a new way to Europe

Russia has found a way to keep from being held hostage by its unpredictable western neighbors, Belarus and Ukraine -...

Energy Trade

Trans-Sahara pipeline sees founders

An ambitious plan to build a natural gas pipeline from Nigeria across the Sahara Desert to supply Europe has been...

Energy Trade

Gazprom close to deal giving foreign companies role in Shtokman gas field

Gazprom is close to offering foreign companies a role in tapping its giant Shtokman gas field in the Barents Sea,...

Energy Trade

Sibneftemash and Slawinski & Co discussing a JV opportunity in Tyumen

Russia's Sibneftemash OJSC and Germany's Slawinski & Co GmbH have entered into an exclusive distributor agreement envisaging the supplies of...

Energy Trade

Russian finance min. to propose granting Belarus $1.5 bln loan

Russian Finance Minister Alexei Kudrin said Friday his ministry would submit to the government a $1.5 billion loan proposal for...

Energy Trade

Promising new gas find in the Norwegian Sea

Operator Statoil has completed drilling an exploration well at the Yttergryta prospect on the Norwegian Sea's Halten Terrace, and was...

Energy Trade

Gazprom to invest $420 bln by 2030

Gazprom will invest $420 billion in the gas sector by 2030 to ensure enough supplies to the domestic market and...

Energy Trade

Shell Hungary to sell natural gas

Shell Hungary opened its natural gas wholesale branch, said director István Varga at a press conference in Budapest yesterday....

Energy Trade

Gazprom negotiates for a share in Hungarian Emfesz

The Hungarian natural gas trader Emfesz Kft, which belongs to Gazprom's partner in RosUkrEnergo Dmitry Firtash, has received permission to...

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...