Energy Trade

Energy Trade

Mol wins tender for strategic gas reserve

Hungarian oil and gas company Mol Nyrt has won a tender by MSzKSz Strategic Gas Reserves Zrt to acquire storage...

Energy Trade

BP’s browne boosts cooperation with Gazprom, Rosneft

BP Plc CEO John Browne met in Moscow with the heads of state-run Gazprom and Rosneft, Russia's largest companies by...

Energy Trade

Romanian Defense Council meets on energy & Petrom sale

Romanian President Traian Basescu summoned a council in charge of safety and defense to debate energy security, power sales and...

Energy Trade

Russian gas price may increase to $90 by 2010

The price of natural gas in Russia may increase to as much as $90 by the end of the decade,...

Energy Trade

Gov’t decides gas subsidies to be income-based from 2007

The government decided on changes to Hungary's system of retail gas price subsidies, which would offer subsidies based on household...

Energy Trade

Ascent Resources discovers gas in east Hungary

UK-based hydrocarbons company Ascent Resources on Tuesday announced it discovered gas while drilling in Hungary's Penészlek gas field in the...

Energy Trade

Austria to be first in Europe to get Iranian gas

Austria will be the first European nation to be offered Iranian gas once the Nabucco pipeline begins service, Kazem Vaziri-Hamaneh,...

Energy Trade

E.ON Földgáz calls second gas auction for March 1

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

Energy Trade

Gazprom to double Georgia charges

Russian energy giant Gazprom has said it will more than double prices of gas supplies to Georgia from 2007....

Energy Trade

Lukoil to raise gas output, expecting a shortfall in Russia

Lukoil, Russia's biggest oil producer, expects a shortfall in Russian natural-gas supplies and plans to expand its gas business, as...

Energy Trade

Gazprom’s German unit plans to build natural gas storage site

The storage area would be used to supply central and western Europe with Russian gas....

Energy Trade

Mol, Romgaz in talks over joint exploration project in Hungary

Mol has been seeking foreign partners to jointly explore gas and oil fields in Hungary to boost its domestic output....

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...