Energy Trade

Energy Trade

Kazakhstan sees Russia as partner on energy market

Kazakhstan sees Russia as a partner on the hydrocarbon market rather than a competitor, the leader of the oil-rich Central...

Energy Trade

Falcon’s operational update on Makó-6 and Magyarcsanád

Falcon Oil & Gas Ltd. has issued an operational update as part of its ongoing commitment to public disclosure. Falcon...

Energy Trade

E.ON Ruhrgas to participate in new LNG terminal

International gas company E.ON Ruhrgas has signed a basic agreement on a new liquid natural gas terminal in Le Havre,...

Energy Trade

Nabucco may not be possible without Russia

The most critical issue related to the Nabucco pipeline, which is valued highly by Turkey for the energy security of...

Energy Trade

Russia’s Gazprom Neft, Norway’s Statoil set for oil partnership

Gazprom Neft, a subsidiary of Russian energy giant Gazprom, and Norway's Statoil will team up in oil prospecting and output...

Energy Trade

The first gas field of „west to east gas transportation” completed

The PetroChina Tarim Oilfield Company announced that by the end of May, the first set of six gas fields in...

Energy Trade

Dutch minister to hold talks on Gasunie role in Nord Stream

The Dutch economics minister said she would discuss prospects for Dutch infrastructure and transport firm N.V. Nederlandse Gasunie’s involvement in...

Energy Trade

Gazprom pays for part of Belarus pipeline ahead of schedule

Russia's state-controlled gas monopoly Gazprom Monday paid $625 million to Belarus, the first 12.5% stake in gas pipeline operator Beltransgaz...

Energy Trade

Construction of gas pipeline around Caspian to start in 2008

Russia's prime minister said Friday the construction of a pipeline to pump Central Asian gas along the Caspian Sea coast...

Energy Trade

Gaz de France intends to sell Azeri gas in Italy and Romania

The delegation led by Alain Azouaou, Director General of Gaz de France has today been received at the Industry and...

Energy Trade

Gazprom aims to become key oil and gas player on Sakhalin Island

Russian energy giant Gazprom said it aims to become a major oil and gas producer and distributor on Sakhalin Island...

Energy Trade

Gazprom goes after 10% of UK gas market

Russia's gas giant may co-build power stations in this country, its UK chief told Russell Hotten. But British firms should...

Energy Trade

Turkey negotiates with Gazprom to get Nabucco going

Turkey is negotiating with Russian giant Gazprom to carry natural gas from a multinational pipeline project, Nabucco, that plans to...

Energy Trade

German company to offer western gas supplies Poland

A German company is today expected to offer Poland a way to become less dependent on Russian gas, in a...

Energy Trade

Largest gas field discovery may be declared soon

PetroChina, the country's top oil and gas producer, is soon expected to announce China's largest natural gas discovery, which may...

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...