Energy Trade

Energy Trade

China to regulate natural gas imports from June 10

The Chinese government plans to introduce new measures on June 10 to regulate imports of natural gas in order to...

Energy Trade

Gazprom sweeps the Austrians off their feet

The main issue on President Vladimir Putin's agenda in Vienna was economic cooperation, predominantly gas supplies and increased gas transit...

Energy Trade

Gazprom completes first leg of Austrian gas storage with partners

Gazprom said Thursday it had completed the construction of the first section of the Haidach underground gas storage facility in...

Energy Trade

DualEx announces spud of VAM-1 well in Hungary

DualEx Energy International Inc. announced that the Company and its partners, PetroHungaria and PetroPequina, commenced drilling, on May 23, 2007,...

Energy Trade

Putin: Russia, Austria to open gas storage facility

Russia and Austria will open a large natural gas storage facility with a holding capacity of 2.4 billion cubic meters...

Energy Trade

Gazprom: Nord Stream pipe could be gas supply alternative

The Nord Stream gas pipeline to run from Russia to Europe along the Baltic seabed could be used to reroute...

Energy Trade

Hungary grants Falcon Oil & Gas long term production licence

Hungary's mining authority has granted British Columbia-based Falcon Oil & Gas Ltd. a long-term production licence....

Energy Trade

Gazprom, Norway in talks on Shtokman gas project

Gazprom said Monday it was in talks with Norway on prospects for cooperation in developing hydrocarbons in the Arctic region,...

Energy Trade

LUKoil to spend $1 bln on associated gas processing facilities

Russia's largest independent oil company, will spend $1 billion over the next 10 years on associated gas processing facilities, the...

Energy Trade

Gazprom signs deal to buy 50% stake in Beltransgaz for $2.5 bln

Gazprom signed a deal Friday to purchase a 50% stake in Belarusian pipeline operator Beltransgaz for $2.5 billion, the Russian...

Energy Trade

Gazprom expects to sign deal for stake in Belarus pipeline firm

Russian energy giant Gazprom said Friday it expects to sign a share purchase deal with Belarusian pipeline operator Beltransgaz by...

Energy Trade

Croatia, Hungary plan sea gas terminal

Croatia and Hungary pledged on Thursday to intensify cooperation on the construction of a gas terminal at a Croatian port....

Energy Trade

Latvia favors laying Nord Stream pipeline onshore rather than seabed

Latvian authorities support plans to lay the Nord Stream gas pipeline from Russia to Europe onshore rather than across the...

Energy Trade

Hungary’s MOL teams up with ExxonMobil

Hungarian energy firm Mol Nyrt on Thursday said it had agreed to team up with ExxonMobil to research basins in...

Energy Trade

Putin may eye career with Gazprom

While Prime Minister Tony Blair remains uncertain about his next career move, Russian President Vladimir Putin may have less uncertainty...

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...