Energy

Energy Trade

EIB supports upgrading of energy sector infrastructure in Hungary

The European Investment Bank (EIB) is lending €100 mln to state owned Hungarian electricity works MVM to finance the implementation...

Green Energy

EU-FIRE to build €116 mln geothermal plant in southeast Hungary

Hungary's EU-FIRE is teaming up with Icelandic peer Mannvit to build a €116 mln geothermal power plant near Battonya in...

Energy Trade

MVM’s long-term strategy unaffected by scrapped South Stream plan

Russia's decision to scrap plans to build the South Stream pipeline will not affect the long-term strategy of the state-owned...

Energy Trade

Szijjártó: South Stream’s dead, we need new plan

Hungary needs to find new sources to ensure the security of its energy supplies for the long term, Foreign Minister...

Energy Trade

Hungary cools Ukrainian hopes for gas supply

Hungary's National Development Minister played down Ukraine's hopes for a fast renewal of gas supplies, saying this country would not...

Energy Trade

Szijjártó: EU, Russia should accelerate dialogue on South Stream

The construction of the South Stream gas pipeline is in the interest of both Hungary and Serbia, and the whole...

Energy Trade

Aradszki: South Stream the only option

Hungary aims to start building its stretch of the Russian-backed South Stream gas pipeline next year despite European and U.S....

Energy Trade

Gazprom chief: Hungarian gas supply secure

The 700 mln cubic meters of Russian natural gas currently stored in Hungarian facilities provides a guarantee of the security...

Energy Trade

MET to take over Hungarian retail power portfolio of GDF Suez

Energy trader MET Magyarország Energiakereskedő, a company 40% owned by Hungarian oil and gas company MOL, is reportedly planning to...

Energy Trade

Hungary, Azerbaijan sign declaration of strategic partnership

Prime Minister Viktor Orbán and Azeri President Ilham Aliyev met today in Budapest and announced that Hungary and Azerbaijan have...

Energy Trade

Hungary opens the way for South Stream pipeline

In approving work on the South Stream Pipeline, the Hungarian government was conducting authorization procedures for building and operating pipelines...

Energy Trade

Gov’t decree guarantees storage capacity for imported gas

A government decree published in the latest issue of the official gazette Magyar Közlöny guarantees utilities companies storage capacity for...

Energy Trade

U.S. against sale of MOL’s INA stakes to Gazprom

The U.S. opposes the sale of MOL’s 49% stake in INA – Croatia’s largest energy company – to Russian energy...

Energy Trade

Hungary could build South Stream Pipeline under new bill

Hungary could start building its own segment of the South Stream Pipeline, despite the EU objection to the project, under...

Energy Trade

Agreement reached between Russia and Ukraine on gas price

“Ukraine President Petro Poroshenko confirmed that an agreement has been reached with Russia on a provisional price for gas deliveries...

Energy Trade

EIB supports upgrading of energy sector infrastructure in Hungary

The European Investment Bank (EIB) is lending €100 mln to state owned Hungarian electricity works MVM to finance the implementation...

Green Energy

EU-FIRE to build €116 mln geothermal plant in southeast Hungary

Hungary's EU-FIRE is teaming up with Icelandic peer Mannvit to build a €116 mln geothermal power plant near Battonya in...

Energy Trade

MVM’s long-term strategy unaffected by scrapped South Stream plan

Russia's decision to scrap plans to build the South Stream pipeline will not affect the long-term strategy of the state-owned...

Energy Trade

Szijjártó: South Stream’s dead, we need new plan

Hungary needs to find new sources to ensure the security of its energy supplies for the long term, Foreign Minister...

Energy Trade

Hungary cools Ukrainian hopes for gas supply

Hungary's National Development Minister played down Ukraine's hopes for a fast renewal of gas supplies, saying this country would not...

Energy Trade

Szijjártó: EU, Russia should accelerate dialogue on South Stream

The construction of the South Stream gas pipeline is in the interest of both Hungary and Serbia, and the whole...

Energy Trade

Aradszki: South Stream the only option

Hungary aims to start building its stretch of the Russian-backed South Stream gas pipeline next year despite European and U.S....

Energy Trade

Gazprom chief: Hungarian gas supply secure

The 700 mln cubic meters of Russian natural gas currently stored in Hungarian facilities provides a guarantee of the security...

Energy Trade

MET to take over Hungarian retail power portfolio of GDF Suez

Energy trader MET Magyarország Energiakereskedő, a company 40% owned by Hungarian oil and gas company MOL, is reportedly planning to...

Energy Trade

Hungary, Azerbaijan sign declaration of strategic partnership

Prime Minister Viktor Orbán and Azeri President Ilham Aliyev met today in Budapest and announced that Hungary and Azerbaijan have...

Energy Trade

Hungary opens the way for South Stream pipeline

In approving work on the South Stream Pipeline, the Hungarian government was conducting authorization procedures for building and operating pipelines...

Energy Trade

Gov’t decree guarantees storage capacity for imported gas

A government decree published in the latest issue of the official gazette Magyar Közlöny guarantees utilities companies storage capacity for...

Energy Trade

U.S. against sale of MOL’s INA stakes to Gazprom

The U.S. opposes the sale of MOL’s 49% stake in INA – Croatia’s largest energy company – to Russian energy...

Energy Trade

Hungary could build South Stream Pipeline under new bill

Hungary could start building its own segment of the South Stream Pipeline, despite the EU objection to the project, under...

Energy Trade

Agreement reached between Russia and Ukraine on gas price

“Ukraine President Petro Poroshenko confirmed that an agreement has been reached with Russia on a provisional price for gas deliveries...

EIB supports upgrading of energy sector infrastructure in Hungary

The European Investment Bank (EIB) is lending €100 mln to state owned Hungarian electricity works MVM to finance the implementation...

EU-FIRE to build €116 mln geothermal plant in southeast Hungary

Hungary's EU-FIRE is teaming up with Icelandic peer Mannvit to build a €116 mln geothermal power plant near Battonya in...

MVM’s long-term strategy unaffected by scrapped South Stream plan

Russia's decision to scrap plans to build the South Stream pipeline will not affect the long-term strategy of the state-owned...

Szijjártó: South Stream’s dead, we need new plan

Hungary needs to find new sources to ensure the security of its energy supplies for the long term, Foreign Minister...

Hungary cools Ukrainian hopes for gas supply

Hungary's National Development Minister played down Ukraine's hopes for a fast renewal of gas supplies, saying this country would not...

Szijjártó: EU, Russia should accelerate dialogue on South Stream

The construction of the South Stream gas pipeline is in the interest of both Hungary and Serbia, and the whole...

Aradszki: South Stream the only option

Hungary aims to start building its stretch of the Russian-backed South Stream gas pipeline next year despite European and U.S....

Gazprom chief: Hungarian gas supply secure

The 700 mln cubic meters of Russian natural gas currently stored in Hungarian facilities provides a guarantee of the security...

MET to take over Hungarian retail power portfolio of GDF Suez

Energy trader MET Magyarország Energiakereskedő, a company 40% owned by Hungarian oil and gas company MOL, is reportedly planning to...

Hungary, Azerbaijan sign declaration of strategic partnership

Prime Minister Viktor Orbán and Azeri President Ilham Aliyev met today in Budapest and announced that Hungary and Azerbaijan have...

Hungary opens the way for South Stream pipeline

In approving work on the South Stream Pipeline, the Hungarian government was conducting authorization procedures for building and operating pipelines...

Gov’t decree guarantees storage capacity for imported gas

A government decree published in the latest issue of the official gazette Magyar Közlöny guarantees utilities companies storage capacity for...

U.S. against sale of MOL’s INA stakes to Gazprom

The U.S. opposes the sale of MOL’s 49% stake in INA – Croatia’s largest energy company – to Russian energy...

Hungary could build South Stream Pipeline under new bill

Hungary could start building its own segment of the South Stream Pipeline, despite the EU objection to the project, under...

Agreement reached between Russia and Ukraine on gas price

“Ukraine President Petro Poroshenko confirmed that an agreement has been reached with Russia on a provisional price for gas deliveries...