Hungary could make $600 million a year due to oil import exemption
The combination of Hungary's exemption from the EU's oil import ban from…
What sanctions? Russia rakes in tens of billions as China becomes biggest importer of Russian energy
China has overtaken Germany as Russia's largest consumer of energy since the…
Three explosions target key Russian oil pipeline in Ukraine
On Saturday, an attempt was made to blow up the Friendship (Druzhba)…
Germany’s move to LNG carries major environmental risks
The European Union's plan and the German government's attempt to replace Russian…
EU tells Hungary to stop charging foreigners more for fuel
Hungary's system for capping fuel prices for Hungarians and charging foreign nationals…
Gas purchases and grain deliveries at top of the agenda during Polish President Duda’s visit to Egypt
Polish President Andrzej Duda has hailed Egypt as one of Poland's most…
Poland has largest gas storage reserves in Europe
At 95 percent, Poland's gas reserves are more than double that of…
Natural gas prices to triple in Romania
Romania's largest energy suppliers will increase the price of natural gas by…
EU commissioner says ‘greed’ led to dependency on Russian energy
EU Competition Commissioner Margrethe Vestager spoke on Tuesday about the reasons for…
Oil industry profits reached new high in 2021, expected to rise further
The oil sector will generate unprecedented revenues for 25 years due to…
Hungary warns of economic disaster over Russian energy embargo, wants pipeline oil exemption
The European Commission has no proposal to deal with the negative effects…
Romania set to approve Black Sea offshore gas project that will cost billions of dollars
Romania is halfway through the legislative process of approving the Neptun-Deep offshore…
New front in energy war: Spain vs. Algeria
While the issue of Russian energy exports has just reached a boiling…
Hungary will veto EU’s energy sanctions against Russia
Hungary will veto the European Union's planned sixth round of sanctions against…
Slovenia removes fuel price cap after left-wing electoral victory
In a stark contrast of how liberals and conservatives handle economic crises…
Finland cancels planned Russian nuclear plant
The Finnish owners of the Fennovoima Finnish-Russian consortium terminated the contract for…
‘Equal to the shutdown of the Hungarian economy’ – Hungary warns EU against potential Russian energy embargo
Despite reports to the contrary in German media, Hungary is in no…
Some EU countries cannot afford an embargo on Russian oil, Germany says
Germany would be willing to impose an embargo on Russian oil because…
Hungary could sustain energy security for 2 to 4 years
Hungary's dominant oil and gas company MOL has already taken steps in…
Hungarian gas imports steady despite Russian cuts for Poland and Bulgaria
Despite the fact that Russia has stopped delivering gas to Poland and…
Germany could drop Russian oil ‘in a few days’ despite warnings from US official
After warnings from U.S. Treasury Secretary Janet Yellen that Europe's economies could…
War in Ukraine sends coal prices soaring even higher as nations turn to ‘dirty’ energy
The world's dependence on coal was already growing even before the war…
Here’s why Hungary cannot replace Russian oil in the short term
Hungary's crude oil refineries can't replace Russian raw material in the short…
EU has paid Russia €1 billion a day for energy since the war began
The European Union may have supported Ukraine with €1 billion, but since…
South Mediterranean offshore gas could offer solution to Europe
As the European Union's countries most dependent on Russian gas struggle to…
Polish coal mine closures may be slowed down, hints deputy PM
Poland may need to slow down the process of closing its coal…
Hungary’s payment for Russian gas plan breaches no EU sanctions
Hungary's payments for Russian gas are fully legal and in fact it…
German fuel prices among the highest in Europe
Petrol and diesel fuel currently costs "considerably more" at German petrol stations…
Hungary works with Gazprom on finding ruble payment for gas
There is a solution on how to pay in rubles for Russian…
Poland’s president wants Nord Stream 2 gas pipeline dismantled
The construction of the Nord Stream 2 pipeline served the Russian hegemony…
EU parliament demands full ban on Russian energy
A resolution of the European Parliament demanding an embargo on Russian energy…
Orbán proposes EU measures to keep energy prices in check
The European Union should act immediately to help keep energy prices in…
Hungary has ‘no difficulty’ to pay rubles for Russian gas, says PM Orbán
Hungary would be willing to pay rubles for Russian natural gas, Hungarian…
85% of Poles back a ban on Russian energy
An overwhelming majority of Poles are in favor of a national ban…
EU imposes ban on Russian coal exports, German Greens push for total ban on Russian energy
The European Union has announced plans to impose a blanket ban on…
European electricity market set for a revolution
The European Union is experiencing a wake-up call regarding the electricity market,…
Germany rejects Russian demand to pay for gas in rubles
German Chancellor Olaf Scholz rejected on Thursday a Russian demand to ask…
Germany looks to autocratic nations of Qatar and UAE to replace Russian gas
Germany is ready to enter a long-term gas supply agreement with the…
Macron calls for energy sanctions against Russia, but Orbán warns it would crash the Hungarian economy
French President Emmanuel Macron has joined the list of global leaders calling…
How Hungary plans to keep gas prices down
In an effort to fight rising gas prices, the Hungarian government have…
Hungarian gas and oil supplies remain stable despite increased demand
The refineries of MOL Zrt, Hungary's largest oil and gas company, are…
EU wants to cut Russian gas by this much by end of 2022
The European Commission announced plans on Tuesday to reduce the bloc's reliance…
Germany cannot afford to lose Russian gas and oil, industry association warns
The largest confederation of German businesses has announced its opposition to extending…
EU to ‘maximize impact’ of sanctions and reduce its dependence on Russian gas, coal and oil
The European Commission is formulating a proposal to reduce the European Union's…
Azerbaijan and Turkey seek to benefit from Russian gas supply interruptions
Approximately 16.2 billion cubic meters of gas will be transported to Turkey…
Natural gas prices skyrocket amid war in Ukraine, European industry under threat
On the Amsterdam Power Exchange (APX), Europe's normative market natural gas futures…
Hungary’s Orbán condemns Russian invasion, supports sovereignty of Ukraine
Hungarian Prime Minister Viktor Orbán has condemned Russia's invasion of Ukraine during…
EU looks to replace Russian natural gas supplies
European Commission President Ursula von der Leyen confirmed on Tuesday that the…
Poland to supply American natural gas to Ukraine
The Polish Oil Mining and Gas Extraction Company (PGNiG) has ordered a…
German gas reserves reach critical low, falling below government-set storage target levels
The level of natural gas storage in Germany has reportedly fallen to…
Azerbaijan is ready to assist with Europe’s gas shortage, ambassador claims
Azerbaijan stands ready to supply Europe with emergency gas, the country's ambassador…
Romanian trade unions pen open letter demanding a government freeze in energy prices
A coalition of employers' associations and trade unions have written an open…
Salvini slams inadequate aid package and declares rising energy prices a ‘national emergency’
The rise in gas and electricity prices plaguing thousands of families and…
US gas supply to EU is 5x higher than that of Russia’s Gazprom so far in January
Gas supplies from the United States to the European Union this January…
EU energy transformation will cost Poland hundreds of billions of euros
The European Union’s Fit for 55 directive package foresees an increase of…
UK energy company apologizes for blog post telling Brits to ‘cuddle pets’ and ‘clean the house’ to keep warm amid skyrocketing energy bills
An energy company in Britain has felt compelled to apologize to its…
Utility bills rose sharply in countries neighboring Hungary
While in Hungary the population only indirectly perceives the rise in energy…
Hungary achieved EU targets on clean energy in 2020, data shows
The share of renewable energy sources in Hungary's gross energy consumption increased…
Brussels and Berlin’s irrational war against Russian gas
A new gas war has broken out in Europe. This is a…
Ukraine to purchase natural gas from Hungary starting next year
Hungary has signed a natural gas supply agreement with Ukraine effective from…
Budapest has lowest natural gas prices of all European capitals
The average price of natural gas was the lowest in Budapest in…
EU predictably fails to resolve Europe’s energy crisis
The European Union's final summit of the year had been poised to…
Czechia will reach climate targets only with nuclear power, say MPs
Due to geographical conditions, Czechia can meet its climate obligations only with…
Hungarian power consumption hits new record despite mild winter
Europe's electrical grid is struggling to provide the necessary power, despite the…
No such thing as ‘greenflation’, says head of Hungarian Central Bank
Green inflation, also known as "greenflation", a phenomenon supposedly caused by the…
Energy prices bankrupt Budapest power distributor
The explosive rise in energy prices claimed its first Hungarian victim: the…
Czechs divided over replacing conventional sources of energy: survey
Czechs are divided over whether it is possible to replace electricity production…
Hungary’s Russian-built nuclear plant expansion on track for 2029 start
The construction of the two new blocks of Paks, Hungary's only nuclear…
Hungary freezes fuel prices for three months
To prevent further increases, the Hungarian government announced it will freeze petrol…
Winter is coming. Is Europe ready?
The international press has been covering Western Europe's energy crisis at full…
Austria produces educational video on preparing for a blackout
Coming fresh on the heels of a similar video by the German…
Hungary is safe from energy shortages, says MEP Deutsch
Hungary is safe because it is not threatened by energy outages like…
Heating crisis in Germany? Government advises blankets and tea candles
As gas prices are soaring in Europe, the German federal state of…
South Korea enters race to build nuclear reactors in Poland
There is a new player joining the race to build nuclear energy…
Romania freezes electricity and gas prices for 5 months
The Romanian parliament has temporarily frozen the price of electricity and gas…
After Russia cuts gas to Moldova, Poland steps in to fill the void
With Poland's latest deal with Moldova, Poland continues to support energy diversification…
Hungary may freeze automotive fuel prices
Faced with the continuing rapid increase in fuel prices, Hungary may be…
EU climate deal would ‘kill the middle class’, PM Orbán says
European Commission Vice-President, Frans Timmermans' proposal for a new climate package called…
The race for the Polish Small Modular Reactor (SMR) market has begun
The Small Modular Reactor (SMR) nuclear technology is nothing new, but its…
Who is responsible for high inflation rates and energy prices?
It is not true that during the communist era people were not…
Largest Czech alternative energy supplier shuts down over rising energy prices
Bohemia Energy, the largest group of alternative energy suppliers in the Czech…
Hungary’s winter gas supply guaranteed to last
The more than 5 billion cubic meters of natural gas stored in…
EU’s energy policy in disarray, while prices in much maligned Hungary remain stable
As a result of a combination of higher production costs, mismanaged, politically-driven…
Germany’s green energy revolution reaches a dead end
In 2021, Germany seems to be heading towards producing the largest increase…
Ukraine is ready for ‘counter-strike’ against Hungary
In yet another sign of mounting diplomatic tensions between Hungary and Ukraine,…
PM Orbán to Ukraine: Don’t interfere with Hungarian energy decisions
After Hungary signed a 15-year gas deal with Russia's Gazprom, Ukraine has…
Gazprom deal sparks Hungarian-Ukrainian diplomatic row
The 15-year gas supply deal Hungary signed on Monday with Russian energy…
Hungary signs 15-year gas supply deal with Russia’s Gazprom as energy crisis hits Europe
As the price of natural gas and other forms of energy skyrocket…
A hydrogen corridor will lead through the Czech Republic
The gas transmission system operators of the Czech Republic, Slovakia, Ukraine, and…
Analysis: Prepare for the most expensive winter in decades, and then some
Combating global warming is a topic that has united the center-left. Indeed,…
Europe faces rising prices and unrest, but EU’s Timmermans still defends green politics
Steeply rising energy prices are starting to affect the mood of Europeans,…
Polish gas and mining giant PGNiG invests in Ukrainian gas
The Polish state-owned oil and gas mining company (PGNiG) has signed a…
Hungary strikes 15-year gas deal with Russia
Over the next 15 years, long-term Russian gas supplies to Hungary will…
Russia’s Lavrov calls for emancipation of Hungarian foreign policy from EU bloc-style thinking
In an interview for the Hungarian conservative daily Magyar Nemzet, the Russian…
Russia world’s second largest oil producer so far this year
Russia produced an average of 10.36 million barrels of crude oil per…
Polish minister: Baltic Pipe project will continue
The rector of Collegium Intermarium says that universities seem to have abdicated…
European Commission will seek solution to Baltic Pipe delay in Denmark
Shifts in American geopolitical policy, losses in energy security and increasingly bold…
Poland will use gas power plants and rely on Russian gas to avoid energy crisis
"The benefits far outweigh the lost budget revenue," said Finance Minister Mihály…
Central Europe can only count on itself, says CEO of Hungary’s oil company
German newspaper Süddeutsche Zeitung writes that the CDU and CSU's growing COVID-19…
