Energy Trade

Energy Trade

MSZKSZ ready to sign contract on strategic gas reserve with Mol

A spokesman for MSZKSZ Strategic Gas Reserve, a company set up by Hungary's oil and gas companies to organize the...

Energy Trade

Belarus sees end to gas price war

Belarus has said that it expects a gas price dispute with Russia, which threatens to disrupt European supplies, to be...

Energy Trade

Gazprom makes Serbia a transit country for Russian gas supplies

OAO Gazprom, Russia's natural-gas export monopoly, agreed to help turn Serbia into a transit country for Russian gas deliveries to...

Energy Trade

Ft 0.17 per cubic meter to be built into cost of gas

An additional Ft 0.17 per cubic meter will be built into the cost of gas from January 1, 2007 to...

Energy Trade

Romanian gas price to fall 2.5% on currency, cheaper imports

Natural-gas prices paid by Romanian households will fall by 2.5% on January 1 because of a stronger local currency and...

Energy Trade

Gazprom, TNK-BP seek to develop Siberia gas field

Executives from OAO Gazprom and BP Plc's Russian unit edged closer to a deal to jointly develop Siberia's biggest natural...

Energy Trade

OMV isn’t holding talks with Gazprom to join Nabucco

OMV AG, which is holding talks with potential partners to join its Nabucco natural-gas pipeline project, said Russia's OAO Gazprom...

Energy Trade

Gazprom, TNK-BP discuss cooperation on gas projects

OAO Gazprom and BP Plc's Russian venture are looking at working together in the country's east, where the state-run natural...

Energy Trade

Russia oil output may rise 11% by 2015

Russian oil production may rise 11% from its most recent levels to 540 million tons a year (about 10.8 million...

Energy Trade

MSzKSz asks Mol to lower costs in strategic reserve bid

MSzKSz Strategic Gas Reserve Zrt has asked oil and gas company Mol Nyrt to submit a proposal on lowering the...

Energy Trade

Hungary may raise electricity prices 5% in 2007

Hungary may raise the price of electricity by 5% for household and industrial users next year, triggered mostly by higher...

Energy Trade

Gazprom, Rosneft will cooperate on oil, gas and power

State-run Gazprom and Rosneft will jointly bid for oil and gas fields at home and abroad, as President Vladimir Putin...

Energy Trade

EU supports Nigerian gas pipeline to Europe

The EU is ready to support the financing of a €5.3 billion ($7 billion) pipeline to carry gas from Nigeria...

Energy Trade

OMV in talks with four European companies on Nabucco Project

OMV, central Europe's biggest oil company, said it has lined up four unidentified European companies to join its project 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...