Hungary's state-owned MVM CEEnergy on Thursday signed a ten-year contract with ENGIE Energy Marketing Singapore for the delivery of an annual 400 million cubic meters of liquefied natural gas (LNG). The contract with French-owned ENGIE for a combined 4 billion cubic meters of gas is Hungary's longest-term LNG contract ever, according to a statement issued […]
The electricty and gas supply company E.ON Hungaria inaugurated a HUF 2.2 billion grid station in Veszprémvarsány (W Hungary) on Tuesday. The station was built in the framework of Danube InGrid, a cross-border European Union project, said deputy state secretary of the Energy Ministry Márk Alföldy-Boruss. He said the development was helping Hungary move closer […]
Hungary's MOL Group has signed an agreement to restart international crude exports from the Kurdistan Region of Iraq, MOL Plc. has notified market participants on the website of the Budapest Stock Exchange. The statement says that MOL, as an integrated oil and gas company with interests in Exploration and Production (E&P) assets in the Kurdistan […]
According to data from MAVIR, Hungary's energy management company, the total installed capacity of renewable energy producers in Hungary exceeded 9,000 megawatts by the beginning of September, the Ministry of Energy announced on its official Facebook page on Monday. Solar systems lead the way with 8,116.5 megawatts, followed by biomass-biogas (444.5), wind (325.1), water (62.49), […]
MOL Plc. has notifies market participants of the following MOL and O&GD have discovered a new oil field at a depth of approximately 2,400 meters near Galgahévíz, Hungary. O&GD and MOL share the extracted volume in a 51%-49% ratio. The Galgahévíz4 well is capable of producing approximately 1,000 barrels of crude oil per day, which […]
ALTEO-Therm Ltd. has successfully completed a HUF 434 million investment project to replace its former 3.2 MW Wärtsilä 220 SG gas engine at its Tiszaújváros site with a modern, refurbished Jenbacher J620 engine. The project not only involved the replacement of the gas engine, but also included mechanical, electrical and control updates to auxiliary plant […]
A project to utilize methane extracted from nine thermal wells along with water has been launched in Szeged as part of the Second Swiss-Hungarian Cooperation Program, investor Geo Hőterm Ltd. informed MTI on Tuesday. According to the announcement, the aim of the investment is to utilize the methane gas extracted from the thermal wells supplying […]
In H1 2025, ALTEO achieved a 10% year-on-year increase in revenues, mainly due to the successful expansion of the Retail and Renewable Production Management portfolios and the significant increase in renewable energy production capacities, the energy services company says in its management report and analysis on the website of the Budapest Stock Exchange. Despite the […]
The Hungarian oil and gas company MOL is exploring geothermal energy and has conducted 3D seismic measurements in and around the Danube Refinery in Százhalombatta, south of Budapest to investigate the potential for geothermal energy utilization. They are looking for high-temperature aquifers in the area that could be used to make the refinery's operations more […]
In a joint statement on Thursday, the Ministry of Energy (EM) and the Regulatory Activities Supervisory Authority emphasized that, in order to ensure a secure supply for domestic consumers, it is advisable to rely as much as possible on energy sources available within the country's borders. The steady increase in the amount of energy produced […]
A 6MW gas engine has begun operating in the Győr Industrial Park, marking the successful completion of the entirely self-financed investment by the energy services firm ALTEO. The power plant, designed around a Wärtsilä 18V34SG gas engine with a capacity of 6MWe, was built in the Győr Industrial Park as a greenfield investment under the […]
Hungary has particularly favorable conditions for the use of geothermal energy and is already among the European leaders in this field, the Ministry of Energy (EM) said in a statement on Tuesday. In the Jedlik Ányos Energy Program, the government is mobilizing resources that exceed previous expenditures several times over in order to make further […]
PannErgy Plc. publishes a production report on a quarterly basis, presenting its production and utilisation of green energy. In its report, in addition to other useful information, PannErgy presents the green heat sales figures of its key geothermal energy production systems in the reporting period. In its extraordinary publication of October 1, 2024, the Company […]
Last month, the total installed capacity of solar power plants in Hungary exceeded 8,000 megawatts; the rise of green energy also contributed to the import ratio of electricity consumption remaining below 20% in the first half of this year, according to a social media post by the Ministry of Energy (EM) quoted by MTI on […]
On Thursday, Mondeléz International officially handed over its new solar park on the premises of its factory in Székesfehérvár: the USD 2.3 million (approximately HUF 780 million) investment has created the group's largest solar park in Central and Eastern Europe. Dominik Boguslawski, factory manager in Székesfehérvár, said that the 25,000-square-meter solar park is also the […]
