Energy Trade

Energy Trade

Taking a Transparent Approach to ESG

László Fazekas, CFO and deputy CEO of MVM Group, discusses the reasoning behind and aspirations for the Hungarian power company’s...

Energy Trade

Hungary Looks to Turkmenistan as Possible Source of Gas

Gas from Turkmenistan could play a role in easing the energy crisis in Europe, Minister of Foreign Affairs and Trade...

Energy Trade

MOL Signs Crude Delivery Deal With Croatia’s Janaf

Hungarian oil and gas company MOL has signed a contract with Croatian pipeline operator Janaf for the delivery of 2.9...

Energy Trade

Household Gas, Electricity Prices Lowest in EU

Household gas and electricity prices in Hungary were the lowest in the European Union in the second half of last...

Energy Trade

LNG Croatia to Offer Additional Regasification Capacity in Oct ’25

LNG Croatia, the operator of the country's LNG terminal on the Krk island, said it will offer additional regasification capacity...

Energy Trade

Shaping the European Hydrogen Landscape

One day after the 4th LNG Summit in the Hungarian capital, industry leaders and policymakers convened at the 2nd Budapest...

Energy Trade

Budapest LNG Summit 2023: The Future of Gas

Industry leaders and policymakers convened in Budapest for the fourth time on April 3 to discuss the European gas and...

Energy Trade

Expanded Krk Terminal to go Live in Early 2025: LNG Croatia 

The expanded liquefied natural gas terminal on the Croatian Adriatic island of Krk, whose capacity will increase to 6.1 billion...

Energy Trade

Szijjártó Presses to Expand Gas Supply, Not Cut Demand

Minister of Foreign Affairs and Trade Péter Szijjártó said Europe ought to "concentrate on the supply side" rather than cut...

Energy Trade

POPIHN Raises Forecast for Fuel Consumption

The Polish Organization of Oil Industry and Trade (POPIHN) expects fuel consumption in Poland to amount to 37.0 million cubic...

Energy Trade

Serbia to Hike Electricity, Gas Prices From May 1

The Serbian government said on Tuesday, cited by SeeNews, that it plans to increase electricity and natural gas prices for...

Energy Trade

Poland and Slovakia to Further Strengthen Regional Gas Ties

Representatives of Poland's Gaz-System and Slovakia's state-owned SPPand Peter Gerhart, State Secretary at the Ministry of Economy recently discussed opportunities...

Energy Trade

MOL Group Ships Azeri Crude to Bratislava Refinery

Hungary's MOL Group on Monday said it has started delivery of crude from a field in Azerbaijan to its refinery...

Energy Trade

Bulgarian Regulator Affirms 14% Cut in March Natgas Price

Bulgaria's utilities regulator on Wednesday said that it approved a wholesale price of natural gas valid for March of BGN...

Energy Trade

MOL Starts Production at 3 Shallow Gas Wells in Hungary

Hungarian oil and gas company MOL on Monday announced the start of production at three new shallow gas wells in...

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...