MOL has signed agreements with oil shippers and pipeline operators to ensure the continuous transport of oil through the Druzhba pipeline from Russia….
‘If Hungary does not receive more oil from Russia, we will simply not survive; we will not be able to supply the country,’ Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó emphasized in an interview with the Russian TV…
According to Ukrainian presidential advisor Mykhailo Podolyak, Kyiv plans to shut down the Druzhba oil pipeline starting from 1 January 2025. This pipeline is a key route through which Russian oil reaches Europe, including Hungary, Slovakia, and the Czech Republic….
Ukraine’s decision not to renew its contract with Gazprom has raised concerns in many about how Russian gas will reach Europe in the future. Kremlin spokesman Dmitry Peskov indicated that Russia could still meet European customers’ needs through the Turkish…
Recent statements by Hungarian government officials suggest that the threat to Hungary’s energy supply is being addressed. In July, Kyiv decided to cut off supplies from Russia’s Lukoil to Hungary. Since then, intensive negotiations have commenced, and Hungarian oil giant…
The European Commission will not convene a consultative forum on the dispute between Ukraine and EU members states Hungary and Slovakia over the transit of Russian oil through Ukraine. Brussels’ reasoning is that there is no immediate threat to the…
Hungary declared its support for Georgia’s membership efforts comes shortly after the EU’s decision to halt the accession process following the adoption of the foreign agent law by the Tbilisi parliament….
Minister of Prime Minister’s Office Gergely Gulyás stated on Friday that Hungary does not want to blackmail Ukraine over the halted transit of Russian Lukoil oil shipments via Ukraine to Hungary and Slovakia. However, Gulyás pointed out that if no…
Hungary and Slovakia are taking joint action against Ukraine over its halting of Russian oil shipments to the two EU member states. This move seriously threatens the long-term energy security of both countries, and is considered a violation of the…
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…
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