Energy Trade

Energy Trade

EU gas consumption fell in 2006 on warm weather, higher prices

European Union natural-gas consumption declined 1.1% last year because of warm weather, higher gas prices and improved energy efficiency, an...

Energy Trade

Japan, Russia agree to boost energy relations, trade

Japan and Russia pledged to strengthen reciprocal relations in oil and natural gas development and boost trade at a ministerial...

Energy Trade

Hungary to fully open up gas market from mid-2008

Hungary expects to genuinely deregulate its gas market from July 1, 2008, six months after the full deregulation of the...

Energy Trade

Norway-UK pipeline to get extra natural gas before October

Norsk Hydro ASA, Norway's second-largest oil producer, will start testing pumping natural gas from the Ormen Lange field before October,...

Energy Trade

Gas storage project schedule announced

Oil and gas company MOL Nyrt said the planning and licensing processes for its strategic gas storage development are already...

Energy Trade

RWE plans €1 bln pipeline from Czech Republic to Belgium

RWE AG, Germany's second-biggest utility, plans to invest about €1 billion ($1.29 billion) to connect its Czech and German natural...

Energy Trade

Gas natural drops offer for Endesa, leaving E.ON as sole bidder

Gas Natural SGD SA, Spain's largest gas supplier, dropped its €24.8 billion- ($32.3 billion) takeover offer for Endesa SA, leaving...

Energy Trade

UK offers oil, gas exploration licenses to 104 companies

The UK government offered 104 companies new licenses to explore for oil and gas in its portion of the North...

Energy Trade

Lukoil finds „liquids” after drilling Saudi Arabian field

OAO Lukoil, Russia's largest oil producer, said it found „liquids” after exploration drilling of a field in Saudi Arabia near...

Energy Trade

Gazprom offers Chevron, Total second chance in Arctic – extended

OAO Gazprom, Russia's natural-gas export monopoly, will begin talks with foreign contractors next month to help develop its offshore Arctic...

Energy Trade

Gazprom mulls 3 LNG plants after Shell’s Sakhalin-2

OAO Gazprom, Russia's natural-gas monopoly, is considering three liquefied natural gas projects of its own after buying a controlling stake...

Energy Trade

European power, gas decline on forecast end to colder weather

European energy prices for the coming month fell on expectations this week's cold snap may abate by the end of...

Energy Trade

E.ON Földgáz Trade calls gas auction for March 1

E.ON Földgáz Trade Zrt, the Hungarian unit of E.ON Ruhrgas International, on Friday said it would offer 1.175 billion cubic...

Energy Trade

Production at Falcon Oil and Gas licenses depends on deep-well technology

Two natural gas licenses in Hungary owned by Canada's Falcon Oil and Gas could start production as soon as the...

Energy Trade

Mol signs contract on acquiring 62% of strategic gas storage company

Hungary's Mol announced today that on January 3 it acquired 62% ownership in the Hungarian Hydrocarbon Stockpiling Association (MSzKSz), to...

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...