Energy Trade

Energy Trade

Libya raised gas exports to Italy, National Oil says

Libya, Africa's fourth-largest natural-gas producer, increased exports of the fuel to Italy because of higher demand and prices, Libya's state-owned...

Energy Trade

Gazprom may seek partnerships in Liquefied Natural Gas projects

OAO Gazprom, the world's biggest natural-gas producer, is seeking partnerships to market liquefied natural gas and gain access to LNG...

Energy Trade

Europe’s natural-gas grid owners must cooperate

The companies that operate Europe's natural-gas networks need to work together to attract more investment and new supplies, said the...

Energy Trade

Libya to offer drilling rights to increase gas output – extended

Libya, holder of Africa's largest oil reserves, plans to offer exploration rights in 20 plots of land to increase natural...

Energy Trade

Nabucco will choose pipeline designer in april

The Nabucco pipeline project, which will carry natural gas from the Caspian to Western Europe, will hold a tender to...

Energy Trade

Naftogaz, Ukraine’s oil and gas Company, to invest $800 mln

NAK Naftogaz Ukrayny, Ukraine's state- run oil and natural-gas company, will invest $800 million this year in oil and gas...

Energy Trade

Statoil expects natural-gas contracts will remain linked to oil

Statoil ASA, Norway's largest oil company, expects prices for natural gas to remain linked to oil prices in European markets...

Energy Trade

Petrom plans to boost output by 40% by 2010

SNP Petrom SA, Romania's biggest oil company, plans to boost production by at least 40% in three years as it...

Energy Trade

Gazprom renews talks with Conoco on Arctic gas field

OAO Gazprom renewed talks with ConocoPhillips about joining Gazprom's $20 bln Shtokman gas project, Russia's largest untapped deposit....

Energy Trade

Gazprom’s Sibur unit to invest $644 mln in gas refineries

OAO Gazprom's petrochemicals unit, OOO Sibur, plans to invest 16.9 bln rubles ($644 mln) upgrading petroleum gas refineries and new...

Energy Trade

Russia to auction oil prospects sought by Exxon Mobil

Russia will auction off Far East oil prospects that Exxon Mobil Corp. sought to include in its $17 bln Sakhalin-1...

Energy Trade

Japan finds 40 trillion cubic feet of gas hydrate reserves

Japan's government said an offshore field in the Pacific Ocean holds an estimated 40 trillion cubic feet of frozen natural...

Energy Trade

Polskie Gornictwo shares gain on Norway gas, oil plan, earnings

Polskie Gornictwo Naftowe i Gazownictwo SA shares rose the most in a month after the Polish gas monopoly said Q4...

Energy Trade

Gazprom allows BP unit to ship 1.7 bln cubic meters of gas

OAO Gazprom, Russia's natural-gas pipeline monopoly, gave BP Plc's Russian venture permission to ship 1.7 bln cubic meters of natural...

Energy Trade

IEA concerned Russia’s Gazprom isn’t increasing gas reserves

The International Energy Agency, which advises 26 petroleum-consuming countries, is concerned Russia's OAO Gazprom is not investing enough to increase...

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...