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Slovenia, Hungary mull natural gas connection
Slovenia and Hungary are considering building a natural gas pipeline connecting the two countries as a means of reducing Hungary’s reliance on natural gas from Russia.
read more... 06/12/2022
Daily (17.11.2022): Oil prices were bearish on Wednesday after the restart of crude supplies via Druzhba pipeline
Oil prices dropped on Wednesday as a result of the commencement of Russian oil supplies via the Druzhba pipeline to Hungary and an increase in COVID-19 cases in China. As a result, Brent crude settled at $92.86 a barrel, down 1%. WTI crude decreased by 1.5% to $85.59 per barrel.
read more... 17/11/2022
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Hungary will not agree to EU gas price cap, will need exemption
Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding that if the EU decides on a cap it would have to exempt Hungary, as it did for oil.
read more... 24/10/2022
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Hungary aims to eliminate reliance on Russian gas by 2050 - minister
Hungary, one of the European Union's most-reliant members on Russian energy, aims to eliminate Russian gas imports by 2050 by a large-scale electrification drive, Technology and Industry Minister Laszlo Palkovics said on Tuesday.
read more... 04/10/2022
Hungary's Orban has 'high hopes' for 2023 energy bill caps
Hungary will probably be able to maintain a partial cap on household energy bills next year, Prime Minister Viktor Orban said on Friday, adding that the 2023 budget would need to be modified in December.
read more... 03/10/2022