Energy Trade

Energy Trade

Kazakhstan studying Caspian-Europe pipe to bypass Russia

Kazakhstan's government could join a proposed gas pipeline linking the energy-rich Caspian to Europe, bypassing Russia, if the project meets...

Energy Trade

Égáz-Dégáz targets 25% profit rise in 2007 after poor 2006

The Hungarian holdings of French natural gas company Gaz de France (GdF) are expected to produce a 12% rise in...

Energy Trade

KazMunaiGas to build $1.5 bln gas processing plant

Kazakhstan's state energy company KazMunaiGas plans to build a $1.2-1.5 billion natural gas processing plant at Karachaganak, one of Kazakhstan's...

Energy Trade

IHT: Gazprom seeks further expansion in Europe

After entering the lucrative distribution sector in major European Union countries, Gazprom, the Russian state-owned energy monopoly, said Monday that...

Energy Trade

Russia’s gas giant plans UK price war

Gazprom, Russian gas giant is set to wage a price war against British Gas and other major suppliers by offering...

Energy Trade

Gazprom’s program of NGV fueling network, 200 new filling stations

OAO Gazprom approved the program of gas filling stations network development and a vehicle park working on natural gas in...

Energy Trade

Gazprom’s gas reserves at 29.8 trillion cubic meters as of early 2007

Russia's energy giant OAO Gazprom said Tuesday its natural gas reserves stood at 29.8 trillion cubic meters as of the...

Energy Trade

Fears of gas cartel ease

Major gas producers’ decision to set up a panel to examine gas prices should put fears of a cartel to...

Energy Trade

French genocide bill prompts Turkey to suspend Nabucco pipeline talks

Turkey has suspended talks with Gaz de France over a pipeline project that would bring Caspian natural gas to Europe...

Energy Trade

Gazprom, Romania’s Conef Energy sign long-term gas deal

Russia's energy giant Gazprom and Romania's Conef Energy SRL have signed a contract for natural gas deliveries to Romania in...

Energy Trade

Energy agency calls on Hungary to diversify gas supplies

Claude Mandil, the head of the International Energy Agency, on Tuesday called for Hungary to diversify its sources of gas,...

Energy Trade

Gazprom plans to become world’s largest energy company

In the future Gazprom plans to become the world's largest energy company, said the general director of state-controlled gas monopoly's...

Energy Trade

Largest energy company in Hungary takes practical approach to Russia

Zoltán Hernádi will not forget the bitterly cold winter of 2006. As chairman of Mol Nyrt, the largest oil and...

Energy Trade

Hungary threatens EU’s gas pipeline plan

The European Union craves energy, but not to the extent that it wants to see members break ranks to secure...

Energy Trade

EU should help pay for Nabucco pipeline

The European Union should help pay the €5 billion ($6.7 billion) cost of constructing the Nabucco pipeline, which will carry...

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...