Energy Trade

Energy Trade

Hungary Signs Longest LNG Deal With Engie

State-owned MVM CEEnergy has signed a 10-year agreement with Engie Energy Marketing Singapore for the annual delivery of 400 million...

Energy Trade

Crude Oil and Natural Gas Production Climbs in H1 2025

Domestic natural gas and crude oil production continued to increase in the first half of 2025, the Energy Ministry and...

Energy Trade

Szijjártó Holds Talks on Hungary-Serbia Crude Pipeline

Péter Szijjártó held talks on a planned crude pipeline between Hungary and Serbia with Serbian Minister of Mining and Energy...

Energy Trade

Hungary, Slovakia to Oppose EU-Ukraine Energy Proposal

Hungary and Slovakia will jointly protest a proposal from Brussels and Kyiv that could jeopardize Central Europe's energy security, Minister...

Energy Trade

MOL Signs Agreement for Onshore Exploration Opportunity in Azerbaijan

MOL Group and the State Oil Company of the Republic of Azerbaijan (Socar) have signed key terms for an exploration,...

Energy Trade

MOL, MVM Sign Oil Trading Agreement

Hungarian oil and gas company MOL on Thursday said it signed an oil trading agreement with state-owned energy company MVM...

Energy Trade

U.S. Targets Europe for ‘Return to American Energy Dominance’ via LNG

The United States is working to ramp up its export capacity of liquified natural gas to more than 270 billion...

Energy Trade

U.S. Extends Hungary’s Gazprombank Sanctions Exemption to May

The United States has extended Hungary's exemption from the impact of sanctions against Russia's Gazprombank until May, Hungarian Minister of...

Energy Trade

Hungary, Romania Agree on Solidarity Measures to Safeguard Security of Gas Supply

Minister of Foreign Affairs and Trade Péter Szijjártó and Romanian Minister of Energy Sebastian Ioan Burduja signed an intergov't agreement...

Energy Trade

Hungarian Gas Supplier Signs Deal to Prevent Crisis in Transnistria

A Hungarian gas supplier has signed a contract with Transnistria to avert a humanitarian crisis, Minister of Foreign Affairs and...

Energy Trade

New Hungaro-Serb Oil Pipeline to Boost Energy Security

Hungary and Serbia are set to construct a new oil pipeline aimed at enhancing energy security, Minister of Foreign Affairs...

Energy Trade

Household Energy Prices in Hungary Cheapest in Europe

Household energy prices in Hungary are the cheapest in Europe, the government commissioner for maintaining the system of regulated utilities...

Energy Trade

Hungary Signs Longest LNG Deal With Engie

State-owned MVM CEEnergy has signed a 10-year agreement with Engie Energy Marketing Singapore for the annual delivery of 400 million...

Energy Trade

Crude Oil and Natural Gas Production Climbs in H1 2025

Domestic natural gas and crude oil production continued to increase in the first half of 2025, the Energy Ministry and...

Energy Trade

Szijjártó Holds Talks on Hungary-Serbia Crude Pipeline

Péter Szijjártó held talks on a planned crude pipeline between Hungary and Serbia with Serbian Minister of Mining and Energy...

Energy Trade

Hungary, Slovakia to Oppose EU-Ukraine Energy Proposal

Hungary and Slovakia will jointly protest a proposal from Brussels and Kyiv that could jeopardize Central Europe's energy security, Minister...

Energy Trade

MOL Signs Agreement for Onshore Exploration Opportunity in Azerbaijan

MOL Group and the State Oil Company of the Republic of Azerbaijan (Socar) have signed key terms for an exploration,...

Energy Trade

MOL, MVM Sign Oil Trading Agreement

Hungarian oil and gas company MOL on Thursday said it signed an oil trading agreement with state-owned energy company MVM...

Energy Trade

U.S. Targets Europe for ‘Return to American Energy Dominance’ via LNG

The United States is working to ramp up its export capacity of liquified natural gas to more than 270 billion...

Energy Trade

U.S. Extends Hungary’s Gazprombank Sanctions Exemption to May

The United States has extended Hungary's exemption from the impact of sanctions against Russia's Gazprombank until May, Hungarian Minister of...

Energy Trade

Hungary, Romania Agree on Solidarity Measures to Safeguard Security of Gas Supply

Minister of Foreign Affairs and Trade Péter Szijjártó and Romanian Minister of Energy Sebastian Ioan Burduja signed an intergov't agreement...

Energy Trade

Hungarian Gas Supplier Signs Deal to Prevent Crisis in Transnistria

A Hungarian gas supplier has signed a contract with Transnistria to avert a humanitarian crisis, Minister of Foreign Affairs and...

Energy Trade

New Hungaro-Serb Oil Pipeline to Boost Energy Security

Hungary and Serbia are set to construct a new oil pipeline aimed at enhancing energy security, Minister of Foreign Affairs...

Energy Trade

Household Energy Prices in Hungary Cheapest in Europe

Household energy prices in Hungary are the cheapest in Europe, the government commissioner for maintaining the system of regulated utilities...

Hungary ‘Needs’ 2 Pipelines to Secure Crude Supply

"Two crude pipelines are better than one," Minister of Foreign Affairs and Trade Péter Szijjártó said at a parliamentary hearing...

MOL Conducts ‘Constructive’ Talks With Janaf Execs

Hungarian oil and gas company MOL said it had conducted "constructive" talks with executives of Croatian crude pipeline operator Janaf...

Hungary Signs Longest LNG Deal With Engie

State-owned MVM CEEnergy has signed a 10-year agreement with Engie Energy Marketing Singapore for the annual delivery of 400 million...

1st EEO Auction Held After System Revamp

The first auction held on September 23, 2025, after the comprehensive renewal of the Energy Efficiency Obligation Scheme (EEO), brought...

Crude Oil and Natural Gas Production Climbs in H1 2025

Domestic natural gas and crude oil production continued to increase in the first half of 2025, the Energy Ministry and...

Szijjártó Holds Talks on Hungary-Serbia Crude Pipeline

Péter Szijjártó held talks on a planned crude pipeline between Hungary and Serbia with Serbian Minister of Mining and Energy...

Hungary, Slovakia to Oppose EU-Ukraine Energy Proposal

Hungary and Slovakia will jointly protest a proposal from Brussels and Kyiv that could jeopardize Central Europe's energy security, Minister...

MOL Signs Agreement for Onshore Exploration Opportunity in Azerbaijan

MOL Group and the State Oil Company of the Republic of Azerbaijan (Socar) have signed key terms for an exploration,...

MOL, MVM Sign Oil Trading Agreement

Hungarian oil and gas company MOL on Thursday said it signed an oil trading agreement with state-owned energy company MVM...

U.S. Targets Europe for ‘Return to American Energy Dominance’ via LNG

The United States is working to ramp up its export capacity of liquified natural gas to more than 270 billion...

U.S. Extends Hungary’s Gazprombank Sanctions Exemption to May

The United States has extended Hungary's exemption from the impact of sanctions against Russia's Gazprombank until May, Hungarian Minister of...

Hungary, Romania Agree on Solidarity Measures to Safeguard Security of Gas Supply

Minister of Foreign Affairs and Trade Péter Szijjártó and Romanian Minister of Energy Sebastian Ioan Burduja signed an intergov't agreement...

Hungarian Gas Supplier Signs Deal to Prevent Crisis in Transnistria

A Hungarian gas supplier has signed a contract with Transnistria to avert a humanitarian crisis, Minister of Foreign Affairs and...

New Hungaro-Serb Oil Pipeline to Boost Energy Security

Hungary and Serbia are set to construct a new oil pipeline aimed at enhancing energy security, Minister of Foreign Affairs...

Household Energy Prices in Hungary Cheapest in Europe

Household energy prices in Hungary are the cheapest in Europe, the government commissioner for maintaining the system of regulated utilities...