Energy companies burdened by epidemic

Energy Trade

In addition to recent low oil and gas prices and the oncoming green transition, the epidemic is posing an extreme challenge to the energy industry, according to novekedes.hu.

As a result of the crisis, even the largest market players have suffered a significant loss of revenue, which has a direct impact on investments.

Companies had to restructure their operations in a matter of months with radically declining energy needs and extremely low prices, while ensuring a continuous and uninterrupted energy supply, which also appreciated during the major closures.

At the Budapest Energy Summit, the leaders of MET Group, E.ON Hungária Zrt., Shell, and ExxonMobil will report on how they have stabilized and restructured their operations to adapt to rapidly changing circumstances.

ADVERTISEMENT

Takarékbank lowers 2021 GDP growth forecast to 6.9% Analysis

Takarékbank lowers 2021 GDP growth forecast to 6.9%

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New partner announced at act Bán & Karika Attorneys at Law Appointments

New partner announced at act Bán & Karika Attorneys at Law

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.