Hungary and Ukraine became embroiled in a bitter dispute over Hungary’s long-term natural gas supply agreement with Russia. The two countries issued stern statements as the diplomatic squabble escalated. Governments in Kyiv and Budapest are embroiled in a political standoff after Hungary signed an agreement with Russia on long-term natural gas supply. The dispute ensued […]

Hungarian Prime Minister Viktor Orbán and E.ON Chairman-CEO Johannes Teyssen have signed a letter of intent, which states that state-owned energy firm MVM will buy the German utility company's gas trading and storage units located in Hungary.