Energy Trade

Energy Trade

Nord Stream requires new influx

Gasunie has to expand the assets it will exchange with Gazprom. Its shareholders have approved a number of agreements on...

Energy Trade

EU bets all on Nabucco, shrugs off South Stream

The European Commission said it is not against Russia's plans to construct the South Stream pipeline, but it is not...

Energy Trade

South Stream pipeline no threat to Nabucco – extended

Russia's South Stream pipeline project is not politically motivated and does not threaten Nabucco, Europe's $6 billion gas pipeline project...

Energy Trade

Gazprom to dominate EU spot contracts

RosUkrEnergo and Gazprom Export are drafting a contract for Gazprom to sell 4 billion cu. meters of gas from the...

Energy Trade

Development of two new gas fields under way in western Ukraine

The development of two new natural gas fields has started in western Ukraine's Lvov Region, the press service of state-owned...

Energy Trade

Bulgaria ready to join South Stream pipeline project

Bulgaria's president said his country would participate in the construction of a new natural gas pipeline under the Black Sea....

Energy Trade

Russian gas giant to buy out BP from Siberian gas field – extended

British Petroleum (BP) has agreed to sell its interests in the East Siberian Kovykta gas field to Russian gas giant...

Energy Trade

BP close to Siberia deal

BP is set to strike a deal with the Kremlin over the future of its huge Siberian gas project, while...

Energy Trade

TNK-BP to spend $1 bln over 5 years on associated gas processing

Russian-British joint oil venture TNK-BP intends to spend more than $1 billion over the next five years on associated petroleum...

Energy Trade

Gazprom doesn’t hold any negotiations concerning RussNeft acquisition

Gazprom doesn’t hold any negotiations concerning RussNeft acquisition, affirms Alexander Anenkov. He also said that the transaction is possible and...

Energy Trade

Gazprom says gas production could reach 670 bln cu m in 2020

Gazprom could produce 670 billion cubic meters of natural gas annually by 2020, 14% more than previously planned, a deputy...

Energy Trade

Turkmenistan open oil, gas to Russia

Turkmenistan is capitalizing on its revamped friendship with Russia as oil deal talks with two Russian firms move forward....

Energy Trade

DualEx updates exploration program in Hungary

DualEx Energy International Inc. announces that the drilling of its VAM-1 exploratory well in the Pannonian Basin of northeast Hungary...

Energy Trade

Rosneft to invest $1.2 bln in fleet for Far East shelf deposits

Russian state-controlled oil giant Rosneft plans to spend $1.2 billion on the construction of ships to develop oil fields off...

Energy Trade

Nabucco pipeline to deliver Azerbaijani gas to Europe by 2011

Baku has expressed readiness to be a player in the proposed Nabucco pipeline, following a visit to the Azeri capital...

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...