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 […]

According to press reports, the Trump administration has expressed interest in reducing Hungary’s reliance on Russian energy sources, recommending the purchase of American liquefied natural gas (LNG) and nuclear technology instead. This aligns with a key pillar of sovereignty-focused economic policy: the pursuit of energy independence, the Hungarian Economic Reasearch Institute GKI says in its […]

Natural gas consumption fell by 22% in August compared to last year, the lowest level in the last eight years, the Hungarian Energy and Public Utility Regulatory Authority (MEKH) said on Tuesday in its latest report. They stressed that with the further increase in Serbian supplies, domestic storage facilities received 10% more gas in August […]