The Russian invasion of Ukraine increased the project’s risks to an unacceptable level, insisted the Finnish company Fennovoima
Hungary imports 65 percent of its crude needs and 85 percent of natural gas from Russia
The EU must respect these countries’ difficult position, Germany’s economic minister says
Sanctions should not hurt the EU more than they do Russia, warns MOL Chairman-CEO Zsolt Hernádi
Russian deliveries to Bulgaria do not mean a halt on gas transits through the country
Germany may soon cut all Russian oil, but risks lie ahead
The world is struggling to replace Russia’s coal while prices keep spiking
Hungary’s refineries cannot use more than 25 to 30 percent of crude oil from other sources outside Russia
Only a full energy embargo could hit Russia hard enough for it to reconsider its war
Gas from Egypt, Cyprus and Israel could solve part of Europe’s gas needs
Poland may modify its plan to close coal mines by 2049 due to the war in Ukraine and sanctions on Russian coal
It makes no difference which party does the actual conversion to rubles, economist Imre Boros claims
German motorists are paying record levels at the pump, while Hungary and Malta have the cheapest fuel in the EU
Hungary is finding a way for ruble payments without breaching EU regulations
According to the president of Poland, the Nord Stream 2 pipeline is a deadly threat to Europe, which would increase its dependency on Russian gas
The resolution demanding an embargo on Russian oil, gas, coal and nuclear fuel passed with a large majority
Hungary’s leader pushes for the EU to drop its damaging energy policy that has only led to price increases
Hungary is not the first EU member state to concede to the Russian demand, with Slovakia already signaling it will pay in rubles
A huge majority of Poles support a ban on importing Russian hydrocarbons, despite the risk of price increases
Germany intends to wean the country off all Russian energy sources
The European Commission, which usually acts as a defender of free competition unrestricted by state intervention, has suddenly started to allow state intervention in the electricity market
The question now is how Putin will respond
Germany hopes to also become independent of Russian coal by this autumn, but the government turns to autocratic regimes in the Middle East to fulfill its energy needs
As France calls for Europe to join the U.S. and U.K. energy sanctions on Russia, other European leaders are less convinced
Panic buying and fuel tourism are stretching domestic refinery capacity
Crude oil supplies are stable for Hungary despite the increased demand at gas stations and the fragility of Russo-European relations
The European Union currently imports 45 percent of its natural gas from Russia, and 25 percent of its total oil imports
The Federation of German Industries (BDI) claimed the loss of Russian natural gas, oil and coal supplies would have a “severe impact” on the German economy
The European Commission will unveil a proposal on Tuesday designed to cut its reliance on Russian energy supplies, its president revealed
The Trans-Anatolian pipeline has a capacity of 16 billion cubic meters per year, but that won’t make much of a dent in Europe’s demand for gas
Natural gas saw a 41 percent rise on Thursday alone
Hungary’s prime minister condemns Russia, and says the country will take in Ukrainian refugees
There is a “clear risk” of reduced Russian gas shipments to Europe
Poland’s state-owned gas company PGNiG has purchased an entire cargo ship of liquified natural gas from the United States and will send it to Ukraine by the end of March
The level of natural gas storage in Germany has reportedly fallen to a critical level of 37 percent
Azerbaijan is already supplying Italy, Greece and Bulgaria with natural gas
Natural gas prices have risen by 52 percent since December 2020
The rise in gas and electricity prices is more pressing than next week’s presidential election, Salvini claims
Russian Gazprom has cause to worry as American liquid gas becomes more dominant among key recipients, writes Iwona Trusewicz
The EU “Fit for 55” project will be an incredibly costly endeavor that will force Polish taxpayers to pay exorbitant sums
The energy company said it was “embarrassed” by the blog post and accepted it was “ill-judged”
Hungary has state-regulated prices for domestic energy
Hungary’s dependency on foreign energy sources decreased by 12.9 percent to 56.2 percent in 2020
Germany and the European Union consider the issue of gas supplies an ideological struggle, Magyar Hírlap columnist Péter G. Fehér writes
The deal will see Ukraine diversify its gas supply routes, enabling access to a liquefied natural gas terminal in Croatia
This year, gas prices in European capitals rose by an average of 54.57 percent, while in Hungary, the increase was just 1.5 percent
The year’s last EU summit failed to solve the issue of skyrocketing utility prices, Magyar Hírlap columnist Mariann Őry writes
Use of alternative energy sources is a serious challenge for Czechia due to geographical factors
Power came in from all five neighboring countries.
The deeper reason is mainly the new American-Chinese Cold War, György Matolcsy writes
Hungary has the lowest household electricity prices in the EU
Almost three-quarters of respondents believe that electricity consumption will grow
The two new reactors, currently being built in Russia, are planned to come online in 2029 and 2030, respectively.
The government is confident that the move will help the economy and contribute to reducing inflation
The energy crisis is yet another proof of the way the European Union mishandles critical situations, Magyar Hírlap columnist Mariann Őry writes
Amidst an energy crisis in Europe, Austria produces a video detailing how the population should prepare for a blackout
Hungary has secured its gas supply for the next 16 years, Deutsch says
German state launches nationwide campaign teaching Germans how to stay warm in a heating crisis
One of the biggest nuclear power companies in the world is now offering Poland a new nuclear deal that would include technology transfers
Parliament also slashes gas and electricity VAT to 5 percent in an effort to tackle rising energy prices
After a gas dispute with Russia, Moldova has purchased 1 million cubic meters of natural gas from Poland to diversify its energy sources
Hungary’s fuel tax system already provides some protection against price rises, but further action may be necessary
European democracy depends on the existence of the middle class
Poland has a real opportunity to ensure its energy security and reduce its carbon emissions through nuclear energy, writes Piotr Piela
Just as one could not mention the actual causes of “deficiencies” in the communist press back in the 1980s, so today is the liberal media silent about the sources of inflation and energy prices, writes Michał Karnowski for portal wPolityce.pl
Bohemia Energy has some 900,000 consumption points
The country has over five billion cubic meters of gas reserves
Hungarians have the lowest energy costs in Europe, and Viktor Orbán is calling on the EU to end its “stupid” green energy plan. What can Europe learn from Hungary’s policies to help save it from a full-blown energy crisis?
Germany, which sells itself as a green energy leader, is an emissions-producing giant that is gobbling up fossil fuels to meet energy demands
Hungarian-Ukrainian relations worsened after Hungary signed a deal with Russian energy giant Gazprom
Hungary’s only consideration is the safety of its energy supply, Orbán said
Ukraine asked the European Union to review the legality of the deal between Russia and Hungary
Hungary’s long-term gas supply is successfully secured even as soaring gas prices trigger shortage fears across Europe
The gas transmission system operators of the Czech Republic, Slovakia, Ukraine, and Germany plan to build a hydrogen corridor from Ukraine across Central Europe
Poorly administered EU policy towards climate change, a gas deal between Germany and Russia, and endless amounts of money being printed by central banks — times have been cheaper, writes Polish energy expert Tomasz Teluk
Europeans are beginning to protest against further increases in the cost of living manifested by rising energy prices
Polish energy and oil companies are entering Ukraine and signing historic agreements with their Ukrainian counterparts
A major point behind the deal between Russia and Hungry is that no gas will transit through Ukrainian pipelines
Ukrainian repression of minorities is reminiscent of Nazi Germany, says Russian foreign minister to Hungarian media
In the first five months of the year, Russia has taken over Saudi Arabia as the world’s second largest oil supplier, after the United States
Cross-border interconnection benefits all states
Energy infrastructure minister Piotr Naimski tells Polish Radio that the Baltic Pipe gas project is still proceeding on target despite a decision by the Danes to withdraw an environmental permit that had previously been approved
Despite the withdrawal of the Danish environmental permit, work on the Baltic Pipe will not stop in other sections, says Polish deputy foreign minister
German Finance Minister Scholz sent letter to Mnuchin
Azerbaijan activated the Southern Gas Corridor at the end of 2020 which ensures commercial deliveries of blue fuel to the European Union while omitting Russia
Poland, known for its use of coal, is quickly entering the renewable energy market
Poland challenges Russia by saying it is ready to provide Belarus with oil supplies
Conventional cars are cost-effective compared to EVs.
Andrej Babiš Austria Czech Republic Energy Hungary Mateusz Morawiecki migration Poland Sebastian Kurz Slovakia V4 Viktor Orbán News V4 PMs and Sebastian Kurz found common ground and disagreements
Germany and Russia push back against U.S. sanctions
The coal industry is under increasing pressure
Czechia, as well as Poland, care about raising living standards
Electricity is the second cheapest.
PKN Orlen, a major Polish oil refiner and petrol retailer, is rebranding itself on the international market. The current brand name will appear alongside local brands in Germany, Slovakia and Czechia.
Germany will need more natural gas to phase out coal power plants, Chancellor Angela Merkel said in her speech at the World Economic Forum in Davos.
