Energy Trade

Energy Trade

Gazprom to support Mol efforts to expand in Russia

Gazprom would support efforts by Hungary's Mol Rt to expand its presence on Russia's oil producer market, the Russian giant...

Energy Trade

Emfesz targets big revenue increase in 2006

First Hungarian Gas and Energy Trade and Services (Emfesz) Kft, which controls 70%-80% of natural gas sales on Hungary's deregulated...

Energy Trade

E.ON to keep majority stake in Mol gas firms

E.ON AG, the world's largest utility, will keep a majority stake in two Hungarian natural gas units it bought from...

Energy Trade

Pyrus-Rumpold to invest in waste depot

Environmental service provider Pyrus-Rumpold Kft plans to invest Ft 720 million in the hazardous waste depot of Aszód-Galgamácsa, near Budapest,...

Energy Trade

Gazprom may win TNK-BP unit ahead of Mol with lowest bid

OAO Gazprom, the world's biggest natural gas company, may win the bidding to buy an oil producer from BP Plc's...

Energy Trade

E.ON sells gas at first Hungarian auction

E.ON AG, Europe's second largest utility, auctioned 475 million cubic meters of natural gas in Hungary today to meet a...

Energy Trade

Mol interested in majority stake in Pakistan gas utilities

The Pakistan government has received a total of 34 domestic and foreign applications to buy 51% stakes being sold in...

Energy Trade

Gazprom, E.ON unit swap may be unfair

OAO Gazprom's proposed purchase of E.ON AG's natural gas assets in Hungary could deter competition in Hungary's energy market, a...

Energy Trade

Mol announces successful test drilling in Pakistan

Hungarian oil and gas company Mol Rt announced on Tuesday that a joint venture which it operates has successfully completed...

Energy Trade

MOL finds gas in Pakistan

Hungarian oil and gas company MOL Rt, Pakistan's Oil & Gas Development Co. and two other partners found deposits 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...

Energy Trade

Orbán: Ukraine Could Restore Crude Deliveries From Monday

Ukraine could restore deliveries of Russian crude to Hungary from Monday, Viktor Orban, Hungary's outgoing prime minister, said in a...

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...

Orbán: Ukraine Could Restore Crude Deliveries From Monday

Ukraine could restore deliveries of Russian crude to Hungary from Monday, Viktor Orban, Hungary's outgoing prime minister, said in a...

Fuel Reserves Fall Sharply as Price Cap Sustainability Questioned

Newly released data on fuel reserves highlight a parallel economic issue that could have significant implications for the country’s energy...