Addressing COP29 in Baku, Prime Minister Viktor Orbán urged for climate policies guided by ‘common sense’ rather than ‘ideology, panic, or alarm’. Hungary, he argued, must balance its green ambitions with sustainable economic growth….
A recent study by the Center For the Study of Democracy and the Centre for Research on Energy and Clean Air that focuses on the Czech Republic and a multinational company, Orlen Unipetrol, since 24 February 2022 Czechia has spent…
After months of negotiations MOL Group has finalized commercial agreements with its joint venture partners, Azerbaijani SOCAR and British BP, for the extraction of natural gas reserves in Azerbaijan. This positions the Hungarian oil and gas company as the third-largest…
As Hungary holds the presidency of the Council of the EU, it can leverage its influence to set the EU’s agenda in favour of increased imports of Turkmen gas, presenting it as a strategic and cost-effective alternative to Russian energy…
Hungary has been proactive in building strong economic ties and investing in energy production in Kazakhstan, Azerbaijan, and Uzbekistan. Hungarian companies, such as MVM and MOL groups, play a key role in oil production in Kazakhstan and natural gas production…
‘The HAIKU states present a novel approach to exploring and understanding how statesmen and national leaders can navigate a dynamically changing global political landscape, marked by shifts in power balances, evolving alliances, and heightened strategic competition.’…
The Hungarian MVM Group is set to buy a stake in Shah Deniz, one of the world’s largest natural gas fields, in Azerbaijan. This move will significantly strengthen Hungary’s energy supply and represents another major step towards independence from Russian…
Azerbaijan has the potential to become one of the major natural gas suppliers to Hungary if the current determination to increase import volumes continues. However, the bilateral relations between the two countries extend beyond natural gas exports and are characterized…
Hungary stands as the sole EU member state purportedly failing to adequately diminish its energy reliance on Russia, a paid advertisement of the US Embassy in Budapest suggests. However, the truth is that numerous EU nations continue to rely on…
Viktor Orbán met the Georgian prime minister this week. He is expected to also attend a forum in China, where Vladimir Putin will also be present. This could be the first time the two meet since the beginning of the…
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